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Trading statement for the year ended 30 June 2016

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Published: Monday, 22 August 2016 02:00

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that, with a reasonable degree of certainty, the financial results for the current reporting period will differ by at least 20% from the financial results of the previous corresponding period. 

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that, with a reasonable degree of certainty, the financial results for the current reporting period will differ by at least 20% from the financial results of the previous corresponding period.                                                 

DRDGOLD is in the process of finalising its results for the year ended 30 June 2016 (“Results”) and shareholders are accordingly advised that the Company expects to report:

• headline earnings per share to be between 12.2 cents and 13.3 cents per share, which represents an increase of 23% to 34%, respectively, compared to 9.9 cents per share for the previous corresponding period; and
• earnings per share to be between 14.0 cents and 15.3 cents per share, which represents a decrease of 12% to 20%, respectively, compared to 17.4 cents per share for the previous corresponding period.

The decrease in earnings per share is mainly due to non-recurring items that contributed approximately 5 cents per share more to the corresponding period compared to the year ended 30 June 2016. These specific items are excluded from headline earnings.

The above information has not been reviewed or reported on by the Company’s auditors. The Company’s Results are expected to be published on or about 30 August 2016.

Johannesburg
22 August 2016