MST
MST
Mustek - 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 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 be more than 20%
different than that of the previous corresponding period.
In light of the above, Mustek"s shareholders are informed that, for the year
ended 30 June 2006, Mustek"s headline earnings per share is expected to be
between 45% and 55% lower than the restated earnings of 89.46 cents per share of
the previous corresponding period. Basic earnings per share is expected to be
between 20% and 30% lower than the restated earnings of 79.25 cents per share of
the previous corresponding period.
Included in headline earnings per share are R24,0 million losses relating to the
discontinued operation, Rectron Plc, unrealised foreign exchange losses of
R69,5million of which R41,3million relate to Mustek and R26,1million to 65,8%
owned subsidiary Rectron.
Included in Basic earning per share are R24,0 million losses relating to the
discontinued operation, Rectron Plc and a profit on discontinuance of R19,1
million, unrealised foreign exchange losses of R69,5 million and a profit on
disposal of Rectron"s buildings of R4.7million.
The above information has not been reviewed or reported on by the company"s
auditors. The company"s final results for the year ended 30 June 2006 are
expected to be published on 31 August 2006.
Midrand
22 August 2006
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1996/000034/07)
Date: 22/08/2006 05:14:53 PM Produced by the JSE SENS Department
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