MVG - Mvelaphanda Group Limited - Trading Statement
MVG
MVG
MVG - 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
("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 six-months ended 31 December 2011 are
expected to increase to a headline earnings per share of between 18 and 16
cents, compared to a headline loss per share of 0,7 cents for the previous
corresponding period 31 December 2010; and
* Earnings per share for the six-months ended 31 December 2011 are expected
to increase to an earnings per share of between 18 and 16 cents, compared
to a loss per share of 53,6 cents for the previous corresponding period 31
December 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 results are expected to be released on SENS on or about Wednesday,
1 February 2012.
Johannesburg
31 January 2012
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 31/01/2012 17:25:50 Produced by the JSE SENS Department.
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