| Thu 21 Feb 2008, 15:59 | | MST - Mustek Limited - Trading Statement |
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MST
MST
MST - Mustek Limited - Trading Statement
MUSTEK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share code: MST
ISIN: ZAE000012373
("Mustek" or "the company")
TRADING STATEMENT
In terms of the JSE Limited`s Listings Requirements, companies are required to
publish a trading statement as soon as they are reasonably certain that the
financial results for the current reporting period will be more than 20%
different than that of the previous corresponding period.
In light of the above, Mustek`s shareholders are informed that, for the period
ended 31 December 2007, headline earnings per share have been negatively
affected by the fair valuation of the investment in Wavetrend Technologies Ltd
(12,3 cents), losses incurred in the discontinued operation, Mecer Digital Do
Brazil LTDA (2,6 cents), share-based payments expensed (2,5 cents) and a STC
charge on dividends paid (3,5 cents). In total, headline earnings per share have
been negatively affected by 20,9 cents per share as a result of these expenses.
As a result, Mustek`s headline earnings per share is expected to be between 35%
and 45% lower than the headline earnings of 41.09 cents per share of the
previous corresponding period. Basic earnings per share is expected to be
between 30% and 40% lower than the basic earnings of 40.78 cents per share of
the previous corresponding period.
The above information has not been reviewed or reported on by the company`s
auditors. The company`s interim results for the period ended 31 December 2007
are expected to be published on 28 February 2008.
Midrand
21 February 2008
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1996/000034/07)
Date: 21/02/2008 15:59:10 Produced by the JSE SENS Department.
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