MAS
MAS
MAS - Masonite (Africa) Limited - Trading Update
Masonite (Africa) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1942/015502/06)
Share Code : MAS & ISIN : ZAE000004289
("Masonite")
TRADING UPDATE
Shareholders are advised that Masonite`s profit from operations, excluding the
adjustment in fair value of biological assets, for the year ended 31 December
2009 is expected to be 10% to 20% lower than that of the comparative period
(being 31 December 2008). This decline was mainly attributable to the impact of
the strong Rand and global recession on sales and gross margins.
Earnings per share and headline earnings per share are expected to be 55% to 65%
below that of the prior comparative period. This was mainly due to an
unfavourable fair value adjustment of biological assets. Economic conditions
during the year led to the domestic timber price falling, which impacted on the
value of standing timber at the end of the period.
The information in this trading update has not been reviewed or reported on by
Masonite`s auditors.
The results are expected to be released towards the end of March 2010.
Durban
15 March 2010
Sponsor
Nedbank Capital
Date: 15/03/2010 16:00:01 Produced by the JSE SENS Department.
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