| Thu 30 Jan 2014, 12:10 | | MORVEST BUSINESS GROUP LIMITED - Trading Update |
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MOR 201401300024A
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”)
TRADING UPDATE
Morvest shareholders are advised that for the six month period ended
30 November 2013 the company expects:
- revenue to be between 14% and 16% higher than for the six month
period ended 30 November 2012;
- headline earnings to be between 14% and 16% higher than for the
six month period ended 30 November 2012;
- headline earnings per share to be between 6,0 cents and 6,5 cents;
- earnings per share to be between 6,0 cents and 6,5 cents;
- Net tangible asset value to be between 10,5 cents and 11,0 cents
per share.
- Diluted headline earnings per share to be between 5,5 cents and
6,0 cents;
- Diluted earnings per share to be between 5,5 cents and 6,0 cents;
- The full diluted effect on earnings and headline earnings per
share which based on 880 million actual shares in issue to be
between 3,0 and 3,5 cents per share.
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 interim results of the company will be published on SENS on or
about 26 February 2014.
30 January 2014
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 30/01/2014 12:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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