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MAS - Masonite - Trading update

Release Date: 07/03/2011 16:00
Code(s): MAS
Wrap Text

MAS - Masonite - Trading update Masonite (Africa) Limited (Incorporated in the Republic of South Africa) (Registration number 1942/015502/06) Share Code: MAS ISIN: ZAE000004289 ("Masonite") TRADING UPDATE Shareholders are advised that Masonite`s profit from operations, excluding the adjustment in fair value of biological assets, for the year ended 31 December 2010 is expected to be 80% to 90% lower than that of the comparative period in 2009. Earnings per share and headline earnings per share are expected to be 85% to 95% lower than that of the prior comparative period. This decline was mainly attributable to the slowdown in the building and construction sector of the domestic economy and the strengthening of the local currency, leading to price reductions in the local market. The information in this trading update has not been reviewed or reported on by Masonite`s auditors. The results are expected to be released towards the end of March 2011. Durban 07 March 2011 Sponsor Nedbank Capital Date: 07/03/2011 16:00:02 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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