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- Thursday, 27 January
- TRADING UPDATE
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Shareholders are advised that for the 6 months to 31 December 2004 the company's Headline Earnings were approximately 7 cents per share compared with a loss of 12.18 cents per share for the comparable period in 2003. The Earnings Per Share for the same period were approximately 3 cents per share against a loss of 12.36 cents per share.
The improvements are due to the combination of increased commodity prices, significantly increased coal production, the disposal of non-core investments and discontinuance of loss making operations.
Shareholders are also advised that the company's results for the six months ended 31 December 2004 have not been reviewed and/or reported on by the company's auditors. It is anticipated that the results for the six months ended 31 December 2004 will be published on or about 15 February 2005.
Johannesburg-27 January 2005
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