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METROFILE HOLDINGS LIMITED - Trading Statement

Release Date: 26/08/2014 10:35
Code(s): MFL     PDF:  
Wrap Text
Trading Statement

Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL
ISIN: ZAE000061727
("Metrofile")

TRADING STATEMENT

In terms of section 3.4(b) of the Listings Requirements of the
JSE Limited a listed company is required to publish a trading
statement as soon as a reasonable degree of certainty exists
that the financial results for the next reporting period will
differ by at least 20% from those of the previous
corresponding reporting period.

Shareholders are advised that Metrofile’s earnings per share
(“EPS”) and headline earnings per share (“HEPS”) for the
period ended 30 June 2014 are expected to be between 37% and
45% and between 28% and 36% higher than the previous
corresponding reporting period of 25,5 cents per share.

Metrofile’s earnings have been favourably impacted by the
proceeds of an insurance claim i.r.o a fire, which occurred in
October 2013, in Kwa-Zulu Natal. As a result the company is
also presenting normalised earnings due to the fact that the
36 months business interruption proceeds have to be accounted
for immediately and cannot be spread over indemnity period.
Accordingly,   shareholders  are   advised  that   Metrofile’s
normalised earnings per share and normalised headline earnings
per share for the period ended 30 June 2014 are expected to be
between 15% and 19% and between 7% and 10% higher than the
previous corresponding reporting period of 25,5 cents per
share.

The above information has not been reviewed or reported on by
Metrofile’s auditors and the results for the year ended 30
June 2014 are expected to be published on or about Monday, 1
September 2014.

Senderwood
26 August 2014

Sponsor
The Standard Bank of South Africa Limited

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