Trading statement in respect of the year ended 30 June 2011
19 August 2011
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.
ARM’s provisional financial results for the year ended 30 June 2011 (in comparison to the previous financial year ended 30 June 2010) have been positively impacted by much improved US Dollar commodity prices especially for iron ore. The results were however negatively affected by the strengthening of the Rand relative to the US Dollar.
Accordingly, ARM announces that it expects headline earnings per share to increase for the year ended 30 June 2011 to between 1 500 and 1 610 cents per share (F2010: 807 cents per share). Basic earnings per share for the year ended 30 June 2011 are expected to be in line with headline earnings per share and are therefore expected to be in the same range (F2010: 854 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 provisional results will be released on Wednesday, 31 August 2011.
For all investor relations queries, please contact:
Corporate Development and Head of Investor Relations
Office: +27 11 779 1507
Mobile: +27(0)82 562 5288
Office: +27 11 779 1300
Mobile: +27(0)83 380 6614
19 August 2011
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited