Mercantile Bank Holdings Limited - Trading Stateme
Mercantile Bank Holdings Limited - Trading Statement
Mercantile Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/000164/06)
Share code: MTL ISIN: ZAE000064721
("Mercantile" or "the company")
TRADING STATEMENT
This trading statement is issued in compliance with the Listings Requirements
(section 3.4(b)) of the JSE Limited.
Mercantile"s earnings per share and headline earnings per share for the year
ending 31 December 2005 are expected to be in the region of 1.5 cents and 1.6
cents, respectively, compared with the loss per share and headline loss per
share of 11.6 cents and 11.7 cents, respectively, reported for the year ended 31
December 2004. This improvement in earnings per share and headline earnings per
share is largely attributable to the increase in funds profit generated by the
recapitalisation process in terms of a rights offer which was completed in
September 2004, the exceptional results achieved in the recovery of debts
previously written-off, as well as solid growth in new lending and fee income.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company"s auditors.
The results for the year ending 31 December 2005 are expected to be published
during the last week of February 2006.
Johannesburg
10 November 2005
Sponsor: Bridge Capital Services (Pty) Limited
Date: 10/11/2005 04:00:03 PM Produced by the JSE SENS Department
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