MUR - Murray & Roberts Holdings - Trading Statement

MUR - Murray & Roberts Holdings - 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                                                               
The board of directors of Murray & Roberts ("Board") met on 24 June 2009 to     
consider inter alia a likely financial outcome for the current year to 30 June  
2009 in the context of the global economic crisis.                              
Conditions in most of the Group`s markets show signs of stabilisation following 
a volatile Third Quarter to 31 March 2009. Overall, performance for the second  
half-year has been impacted by steel-related stock write-downs, project         
terminations, major project start-up delays and the translation impact against  
expectation of the stronger local currency.                                     
Following the termination of a further R10 billion of orders as previously      
notified to the market and ongoing delays in the potential award of a number of 
major contracts, primarily in the South African market, the Group Order Book    
settled at R42 billion by 31 March 2009 and has stabilised at this level over   
the past two months.                                                            
The Board has taken a prudent view of the likely results for the Group for the  
year to 30 June 2009. Further to previous guidance provided, it is anticipated  
that diluted headline earnings per share and diluted earnings per share for the 
year ending 30 June 2009 will increase by 15% to 20% compared with the previous 
comparable period. The Group Operating Margin is expected to be maintained,     
within the range 7,5% to 10,0%.                                                 
The financial information on which this trading statement is based has not been 
reviewed or reported on by the Group`s auditors and is provided in terms of     
paragraph 3.4(b) of the Listings Requirements of the JSE Limited.               
Shareholders are reminded that Murray & Roberts will publish its preliminary    
results for the financial year to 30 June 2009 on or about Wednesday 26 August  
2009.                                                                           
Bedfordview                                                                     
24 June 2009                                                                    
Sponsor:                                                                        
Deutsche Securities (SA) (Pty) Ltd                                              
Date: 24/06/2009 16:36:39 Supplied by www.sharenet.co.za                     
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