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Trading statement
MVELASERVE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/003610/06)
Ordinary share code: MVS
Ordinary share ISIN: ZAE000151353
(“Mvelaserve” or “group”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE Limited 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 more than 20% from those of the prior corresponding
period.
The group’s interim results for the six months ended 31 December 2012 are
expected to be released on SENS on or about 7 March 2013.
Mvelaserve expects headline earnings per share (“HEPS”) and basic earnings
per share (“EPS”)for the six months ended 31 December 2012 to be at least
20% higher than the prior year reported HEPS of 19,5 cents and EPS of 12,1
cents.
However, Mvelaserve cannot with reasonable certainty quantify the exact
extent of the improvement to accord with the range specification required
by the JSE Limited Listings Requirements and accordingly a further trading
statement will be released on SENS in due course.
Both HEPS and EPS were favourably impacted by strong underlying core
operating performance. The improvement in the group’s expected results is
due to, amongst other factors, the successful turnaround strategy at the
Cleaning and Catering subsidiaries which has resulted in increased
operating profit at both operations, and the strong performance of Zonke.
The financial information on which this trading statement is based has
neither been reviewed nor reported on by Mvelaserve’s external auditors.
6 February 2013
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/02/2013 08:54:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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