MZR
MZR
MZR - Mazor Group Limited - Trading Statement
Mazor Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/017221/06)
Share code: MZR ISIN: ZAE000109823
("Mazor" or "the Company")
TRADING STATEMENT
In accordance with paragraph 3.4 (b) of the Listings Requirements of the JSE
Limited, shareholders are advised that the Company`s earnings and headline
earnings per share for the year ended 28 February 2011 will be between 70% and
80% lower than the reported earnings and headline earnings per share for the
prior comparative period. This decline is largely attributable to continued
low activity within the construction sector in South Africa and, in
particular, the Western Cape. Excess capacity within the sector has resulted
in price pressures, leading to lower margins. Tendering activity is increasing
with better prospects for the coming year. Trading divisions (Hulamin Building
Systems, Compass Glass and Compass Glass SA) continue to increase market share
and improve margins. The company has completed its rationalisation process in
line with existing economic conditions.
The company`s results for the second 6 months of this financial year are
however expected to be better than the corresponding second 6 months of the
previous financial year. The financial information on which this trading
update is based has not been reviewed by the Company`s auditors. The Company`s
results for the year ended 28 February 2011 will be released on or about 17
May 2011
Cape Town
4 April 2011
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 04/04/2011 17:32:01 Produced by the JSE SENS Department.
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