MPC
MPC
Mr Price Group Limited - Trading statement
Mr Price Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004418/06)
ISIN: ZAE000026951
Share code: MPC
("The Mr Price Group" or "the group" or "the company")
Trading statement
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are reasonably satisfied that the
financial results for the period to be reported upon next will differ by at
least 20% from the previous corresponding reporting period.
The company advises that as a result of converting to International Financial
Reporting Standards and the finalisation of the accounting treatment regarding
its participation in export partnerships, the basic earnings per share for the
previous financial year have been adjusted from 119,8 cents to 108,2 cents and
headline earnings from 120,4 cents to 108,8 cents. The earnings per share base
from core operations, which excludes the above non-trade adjustments relating to
the export partnerships and the impact of the discontinued operations (The Hub
and Galaxy) is 104.4 cents.
The company advises that its basic, headline and core earnings per share for the
53 weeks ended 31 March 2006, are expected to be between 40% and 50% higher than
the adjusted figures for the year ended 31 March 2005 referred to above.
The above financial information has not been reviewed and reported on by the
company"s auditors.
The Mr Price Group is currently finalising its results for the year ended 31
March 2006, which should be released on 24 May 2006.
Durban
10 May 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/05/2006 09:00:05 AM Produced by the JSE SENS Department
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