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 2011 are expected to
decrease to headline earnings per share of between 39 and 44 cents, compared to
238,5 cents for the year ended 30 June 2010;
*Earnings per share for the year ended 30 June 2011 are expected to decrease to
a loss per share of between 24 and 27 cents, compared to earnings per share of
212,7 cents for the year ended 30 June 2010; and
*Intrinsic net asset value per share at 30 June 2011 is expected to decrease to
be between 347 and 384 cents compared to 1 136 cents at 30 June 2010.
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 year end results are expected to be released on SENS on or about
Monday, 15 August 2011.
Johannesburg
11 August 2011
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 11/08/2011 17:02:01 Produced by the JSE SENS Department.
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