MORVEST BUSINESS GROUP LIMITED - Trading Statement
MOR 201408260020A
Trading Statement
Morvest Business Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/012583/06)
Share code: MOR ISIN code: ZAE000152567
(“Morvest” or “the company”)
TRADING STATEMENT
Morvest shareholders are advised that for the year ended 31 May 2014
the company expects:
- revenue to be between 14% and 16% higher than revenue for the year
ended 31 May 2013 of R956 164 000;
- headline earnings to be between 15% and 17% higher than headline
earnings for the year ended 31 May 2013 of R40 032 000;
- headline earnings per share to be between 23% and 26% higher than
headline earnings per share for the year ended 31 May 2013 of 8.20
cents per share;
- earnings per share to be between 226% and 229% higher than
earnings per share for the year ended 31 May 2013 of 2.38 cents
per share;
- Net tangible asset value per share to be between 13% and 15%
higher than net tangible asset value per share for the year ended
31 May 2013 of 12.80 cents per share;
- earnings per share based on 880 million actual shares in issue as
at 31 May 2014 to be between 4 and 5 cents per share for the year
ended 31 May 2014; and
- headline earnings per share based on 880 million actual shares in
issue as at 31 May 2014 to be between 5 and 6 cents per share for
the year ended 31 May 2014.
The financial results on which this trading statement has been based
have not been reviewed or reported on by the company’s auditors and is
published in accordance with the JSE Limited Listings Requirements.
The financial results of the company will be published on SENS on or
about 29 August 2014.
26 August 2014
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 26/08/2014 10:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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