MUR
MUR
MUR - Murray & Roberts Holdings Limited - Trading Statement
MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ISIN Code: ZAE000073441
("Murray & Roberts" or "Group")
TRADING STATEMENT
Shareholders are referred to the Business Update published on SENS following
the annual general meeting on 30 October 2007. The Group is pleased to note
that state utility Eskom has awarded the first major contracts for its long-
term power generation program.
Murray & Roberts has secured the structural steel fabrication and erection and
mechanical installation works for the Medupi Boiler package comprised of six
units at a value of about R7 billion over a period of seven years.
The directors advise that following a review of the Group`s consolidated
results for the first quarter to 30 September 2007 and first budget assessment
for the year ahead, diluted headline earnings per share ("HEPS") for the half-
year to 31 December 2007 and financial year to 30 June 2008 is expected to be
between 40% and 50% higher than the 135 cents and 325 cents respectively
recorded in the previous year comparable periods.
The recapitalisation of subsidiary company Clough Limited was approved by
shareholders at its recent annual general meeting. Including the profit on
sale of operations non-core to Clough which are expected to be concluded
within the current financial year, diluted earnings per share ("EPS") is
expected to increase between 90% and 100% for the half-year to 31 December
2007 and between 110% and 120% for the financial year to 30 June 2008 compared
to the previous year comparable periods.
This trading statement has not been reviewed or reported on by the Group`s
auditors and is provided in terms of paragraph 3.4(b) of the JSE Listings
Requirements.
Johannesburg
30 November 2007
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
Date: 30/11/2007 11:33:51 Produced by the JSE SENS Department.
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