MAF
MAF
MAF - Mutual & Federal - Trading update
MUTUAL & FEDERAL INSURANCE COMPANY LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1970/006619/06
Share code: MAF & ISIN No: ZAE000010823
("Mutual & Federal" or "the company")
TRADING UPDATE
In terms of the JSE Limited Listings Requirements, a listed company is required
to publish a trading update as soon as it becomes reasonably certain that the
financial results for the period to be reported on next will show a 20% or more
difference from those of the previous corresponding period.
Accordingly, shareholders are advised that earnings during 2006 have declined as
a result of the anticipated decreased underwriting profits, reduced returns on
listed equities and the payment of a special dividend (which reduced investable
funds and increased STC payable). The company therefore expects both the
headline and basic earnings per share for the year ended 31 December 2006 to be
40% to 50% lower than those of the prior corresponding period.
The information in this trading update has not been reviewed or reported on by
the Mutual & Federal auditors.
The results for the year ended 31 December 2006 are expected to be published on
or about 8 February 2007.
Johannesburg
19 January 2007
Sponsor
Nedbank Capital
Date: 19/01/2007 08:00:01 Produced by the JSE SENS Department.
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