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MUR - Murray & Roberts Holdings Limited - Trading Statement

Release Date: 30/11/2007 11:33
Code(s): MUR
Wrap Text

MUR - Murray & Roberts Holdings Limited - Trading Statement MURRAY & ROBERTS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Share Code: MUR ISIN Code: ZAE000073441 ("Murray & Roberts" or "Group") TRADING STATEMENT Shareholders are referred to the Business Update published on SENS following the annual general meeting on 30 October 2007. The Group is pleased to note that state utility Eskom has awarded the first major contracts for its long- term power generation program. Murray & Roberts has secured the structural steel fabrication and erection and mechanical installation works for the Medupi Boiler package comprised of six units at a value of about R7 billion over a period of seven years. The directors advise that following a review of the Group`s consolidated results for the first quarter to 30 September 2007 and first budget assessment for the year ahead, diluted headline earnings per share ("HEPS") for the half- year to 31 December 2007 and financial year to 30 June 2008 is expected to be between 40% and 50% higher than the 135 cents and 325 cents respectively recorded in the previous year comparable periods. The recapitalisation of subsidiary company Clough Limited was approved by shareholders at its recent annual general meeting. Including the profit on sale of operations non-core to Clough which are expected to be concluded within the current financial year, diluted earnings per share ("EPS") is expected to increase between 90% and 100% for the half-year to 31 December 2007 and between 110% and 120% for the financial year to 30 June 2008 compared to the previous year comparable periods. This trading statement has not been reviewed or reported on by the Group`s auditors and is provided in terms of paragraph 3.4(b) of the JSE Listings Requirements. Johannesburg 30 November 2007 Sponsor: Merrill Lynch South Africa (Pty) Ltd Date: 30/11/2007 11:33:51 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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