MORVEST BUSINESS GROUP LIMITED - Further Trading Update
MOR 201302070006A
Further Trading Update
Morvest 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”)
FURTHER TRADING UPDATE
Further to the trading update dated 6 February 2013, Morvest
shareholders are advised that for the 6 month period ended 30
November 2012 the company expects:
- revenue has increased between 5% and 7% in comparison to the prior
period;
- headline earnings per share has increased between 5% and 7% in
comparison to the prior period;
- earnings per share to be between (0.5) cents and (1.0) cents per
share down from 4.87 cents in comparison to the prior period
largely due to goodwill impairment and intangible write-off which
are both non-cash items;
- diluted earnings per share to be between (0.5) cents and (1.0)
cents per share down from 3.87 cents in comparison to the prior
period largely due to goodwill impairment and intangible write-off
which are both non-cash items;
- net tangible asset value per share increased to between 5 cents
and 6 cents from 3.71 in comparison to the prior period;
The financial results on which this trading update has been based have
not been reviewed or reported on by the company’s auditors.
The financial results of the company will be published on SENS and in
the press on or about 20 February 2013.
7 February 2013
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
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