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MASONITE (AFRICA) LIMITED - Trading Update

Release Date: 15/12/2014 10:05
Code(s): MAS     PDF:  
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Trading Update

Masonite (Africa) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1942/015502/06)
Share Code: MAS ISIN: ZAE000004289
("Masonite" or “the company”)

TRADING UPDATE

As required by the JSE Limited Listing Requirements, a company
is obliged to announce once it is reasonably certain that its
results will differ by more than 20% from the corresponding
reporting period.

The company expects basic, headline, diluted basic and diluted
headline earnings per share, for the period 31 December 2014,
to be between 105% and 125% lower than the prior comparative
period.

The ranges are as follows:

Basic loss per share between 68c and 81c (2013: 501c – basic
earnings)
Headline loss per share between 77c and 92c (2013: 500c –
headline earnings)
Diluted basic loss per share between 77c and 92c (2013: 500c –
basic earnings)
Diluted headline loss per share between 77c and 92c (2013:
500c – headline earnings)

The large decrease in earnings per share when compared to
those reported for the previous corresponding period is mainly
due to the explosion at the Mill in Estcourt and the
finalisation of the business interruption insurance claim.

The abovementioned information has not beenreviewed   and
reported on by the company’s external auditors.


Durban

15 December 2014


Sponsor

Nedbank Capital

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