MOR - Morvest Business Group Limited - Trading Update
MOR
MOR
MOR - Morvest Business Group Limited - Trading Update
Morvest Business Group Limited
(Previously Simeka Business Group Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: MOR ISIN code: ZAE000152567
("Morvest" or "the company")
TRADING UPDATE
Morvest shareholders are advised that for the 12 month period ended 31 May 2011
the company expects:
- revenue to be between 15% and 20% higher than for the 12 month period ended
31 May 2010;
- headline earnings after tax to be between 15% and 20% higher than for the
12 month period ended 31 May 2010;
- headline earnings per share to be between 6.0 cents and 6.5 cents per
share;
- headline earnings per share (diluted weighted in issue and to be issued) to
be between 5.0 cents and 5.5 cents per share;
- earnings per share up from the prior year loss of 44.7 cents per share to
between 3.0 cents and 3.5 cents;
- actual cash on hand as at 31 May 2011 of R85 million.
The financial results on which this trading update has been based have not been
reviewed or reported on by the company`s auditors. This trading update is not
required in terms of the JSE`s Listings Requirements and has been released by
the company as a voluntary shareholder communication.
The financial results of the company will be published on SENS on or about 17
August 2011.
5 July 2011
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 05/07/2011 14:33:01 Produced by the JSE SENS Department.
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