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 period ended 30
June 2011 is expected to be 30% to 40% higher than that of the comparative
period in 2010.
Earnings per share and headline earnings per share are expected to be 65%
to 75% higher than that of the prior comparative period. This increase was
mainly attributable to an improved product mix, the success of a robust
cost reduction programme and the positive impact of timber prices on the
fair value of biological assets.
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 September 2011.
Durban
20 September 2011
Sponsor
Nedbank Capital
Date: 20/09/2011 16:00:02 Produced by the JSE SENS Department.
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