| Tue 14 Feb 2017, 9:52 | | MUSTEK LIMITED - Trading Statement |
|
MST 201702140011A
Trading Statement
MUSTEK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share code: MST
ISIN: ZAE000012373
(“Mustek” or “the company”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE Limited’s Listings Requirements, companies are required to
publish a trading statement as soon as they are reasonably certain that the financial results for the
current reporting period will differ by at least 20% when compared to the previous corresponding
period.
In light of the above, Mustek’s shareholders are informed that, for the six months ended 31 December
2016, Mustek’s headline earnings per share is expected to be between 20% and 30% lower than the
previous corresponding period at between 36,17 cents and 41,33 cents (31 December 2015: 51,67
cents). Earnings per share is expected to be between 20% and 30% lower than the previous
corresponding period at between 35,92 cents and 41,05 cents (31 December 2015: 51,31 cents).
Net asset value per share is expected to be between 1 065,00 cents and 1 070,00 cents, compared
to 983,47 cents as at 31 December 2015.
Cash generated from operations is expected to improve by between R420,0 million and R430,0
million, compared to the cash used in operations of R418,7 million reported for the previous
corresponding period. The improvement is largely due to a reduction in inventory of between R260,0
million and R270,0 million compared to the previous corresponding period.
The above information has not been reviewed or reported on by the company’s auditors. The
company expects to release its interim financial results for the six months ended 31 December 2016
on SENS on or about 23 February 2017.
Midrand
14 February 2017
Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/000034/07)
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