To view the PDF file, sign up for a MySharenet subscription.

MVS - Mvelaserve Limited - Trading update

Release Date: 29/05/2012 08:00
Code(s): MVS
Wrap Text

MVS - Mvelaserve Limited - Trading update MVELASERVE LIMITED ("Mvelaserve") (Incorporated in the Republic of South Africa) (Registration number: 1999/003610/06) Ordinary share code: MVS Ordinary share ISIN: ZAE000151353 TRADING UPDATE In terms 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 next reporting period will be more than 20% different than that of the prior corresponding period. In light of the above, Mvelaserve`s shareholders are advised that, primarily due to material once-off net upward adjustments for the year ended 30 June 2011, headline earnings per share for the year ending 30 June 2012 are expected to be more than 20% lower than that of the prior year. At this stage, no reasonable certainty exists with regards to the expected level and range of earnings per share for the year ending 30 June 2012. More specific information will be provided to shareholders as soon as there is a reasonable degree of certainty as to the range by which headline earnings per share has decreased, as well as the expected level and range of Mvelaserve`s earnings per share for the year ending 30 June 2012. The above information has not been reviewed or reported on by the company`s auditors. Centurion 29 May 2012 Sponsor: Investec Bank Limited Date: 29/05/2012 08:00:03 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.

Share This Story