Trading statement in respect of the six months ended 31 December 2009
11 February 2010
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period.
Despite increased sales volumes across most commodities, ARM interim results for the six months to 31 December 2009 (in comparison to the corresponding six months to 31 December 2008) have been negatively impacted by:
- substantial decreases in US Dollar commodity prices owing to the global economic recession; and
- the strengthening of the Rand against the US Dollar.
Accordingly, ARM announces that it expects headline earnings per share to decrease for the six months ended 31 December 2009 to between 200 and 225 cents per share (1H F2009: 1 055 cents per share). Basic earnings per share are expected to be in line with headline earnings and therefore expected to be in the same range. (1H F2009: 1 054 cents per share).
The financial information on which this trading statement is based has not been reviewed or reported on by the external auditors of ARM.
The company’s full interim results will be released on Monday 22 February 2010.
For all investor relations queries please contact:
Telephone +27 11 779 1507
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Telephone +27 11 779 1300
Mobile +27 83 380 6614
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited