MVG/MNGP - Mvelaphanda Group Limited - Trading Statement
MVG
MVG
MVG/MNGP - Mvelaphanda Group Limited - Trading Statement
MVELAPHANDA GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1995/004153/06
Ordinary Share Code: MVG
Ordinary Share ISIN: ZAE000060737
Preference Share Code: MNGP
Preference Share ISIN: ZAE000004578
("Mvela Group" or "the Company")
TRADING STATEMENT
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited,
an issuer 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
next period to be reported on are expected to differ by at least 20% from those
of the previous corresponding period.
Accordingly, shareholders are advised that Mvela Group`s:
* Headline earnings per share for the year ended 30 June 2010 is expected to
increase to between 230 and 250 cents, compared to 49,9 cents for the
previous year;
* Earnings per share for the year ended 30 June 2010 is expected to increase
to between 200 and 220 cents, compared to 21,9 cents for the previous year;
and
* Intrinsic net asset value per share at 30 June 2010 is expected to increase
to be between 1 100 and 1 150 cents compared to 790 cents at 30 June 2009.
The financial information on which this trading statement is based 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
26 August 2010.
19 August 2010
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 19/08/2010 11:24:01 Produced by the JSE SENS Department.
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