MORVEST BUSINESS GROUP LIMITED - Trading statement
MOR 201308220043A
Trading statement
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”)
TRADING UPDATE
Morvest shareholders are advised that for the 12 month period ended
31 May 2013 the company expects:
- revenue to be between 8% and 10% higher than for the 12 month
period ended 31 May 2012;
- headline earnings to be between 10% and 12% higher than for the 12
month period ended 31 May 2012;
- headline earnings per share to be between 15% and 20% higher than
for the 12 month period ended 31 May 2012;
- earnings per share to be between 2% and 3% higher than for the 12
month period ended 31 May 2012;
- Net tangible asset value to increase to between 12 cents and 13
cents per share. The increase is largely attributable to the
investment into immovable property.
The financial results on which this trading update has been based have
not been reviewed or reported on by the company’s auditors. This
trading update is required in terms of the JSE’s Listings
Requirements.
The financial results of the company will be published on SENS on or
about 27 August 2013.
22 August 2013
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 22/08/2013 04:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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