| Tue 23 Oct 2012, 15:30 | | MAZOR GROUP LIMITED - Trading Statement |
|
MZR 201210230023A
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 terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, shareholders are advised
that Mazor expects to release earnings per share (“EPS”) and headline earnings per share (“HEPS”) for
the period ended 31 August 2012, within the ranges shown below, in relation to the comparative period,
being 31 August 2011:
Expected ranges Actual
31 August 2012 31 August 2011
EPS (cents per share) 13.5 – 15.5 1.75
HEPS (cents per share) 3.5 – 4.2 1.72
Trading conditions over the past 6 months have improved with revenue growth across all operating
divisions, and improved operating margins being experienced relative to the prior comparative period.
Furthermore, as a result of the acquisition of the remaining 50% of HBS Aluminium Systems (Proprietary)
Limited (“HBS”) not previously held by Mazor, Mazor has now accounted for 100% of the earnings from
HBS, whereas in the comparative period the Company equity accounted the investment in HBS. Included
in the EPS for the period is a fair value adjustment in respect of the aforementioned step-acquisition
required in terms of IFRS 3: Business combinations, as well as a subsequent negative goodwill amount.
The negative goodwill is determined as the purchase consideration paid, plus the fair value of any
shareholding held prior to obtaining control, plus non-controlling interest and less the fair value of the
identifiable assets and liabilities of HBS. Refer to the SENS announcement of 3 September 2012 for
details of the HBS acquisition.
The Company’s interim results for the six months ended 31 August 2012 will be released on or about 6
November 2012. The financial information on which this trading update is based has not been reviewed
by the Company's auditors.
Cape Town
23 October 2012
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 23/10/2012 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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