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MVG MVGP
MVG
MVG/MVGP - Mvelaphanda Group - Trading statement in respect of the year ended 30
June 2009
MVELAPHANDA GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1995/004153/06
Ordinary share code: MVG
Preference share code: MVGP
Ordinary share: ISIN: ZAE000060737
Preference share: ISIN: ZAE000073540
("Mvela Group" or "the company")
TRADING STATEMENT IN RESPECT OF THE YEAR ENDED 30 JUNE 2009
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 upon next will differ by at least 20% from
those of the previous corresponding period.
Shareholders are accordingly advised that Mvela Group`s:
- headline earnings per share ("HEPS") for the year ended 30 June 2009 are
expected to be between 105% and 120% higher compared to the year ended
30 June 2008; and
- earnings per share ("EPS") for the year ended 30 June 2009 are expected
to be between 100% and 110% higher compared to the year ended 30 June
2008.
The fair value adjustments and profit and loss from investments, excluding
dividends received, amounted to a net gain of R314 million for the 2009
financial year against a loss of R1 631 million in the previous year. The
improvement above contributed to the increase in HEPS and EPS.
The financial information contained in this trading statement has not been
reviewed or reported on by Mvela Group`s external auditors.
The company`s results are expected to be released on SENS on or about Thursday,
3 September 2009.
Enquiries
Mvelaphanda Group 011 290 4200
Ernst Roth 011 290 4230
College Hill 011 447 3030
Nick Williams 082 600 2192
Sandton
27 August 2009
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 27/08/2009 11:47:01 Produced by the JSE SENS Department.
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employees and agents accept no liability for (or in respect of) any direct,
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