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

MURRAY & ROBERTS HOLDINGS LIMITED - Trading Statement for the year ended 30 June 2016

Release Date: 18/08/2016 15:00
Code(s): MUR     PDF:  
Wrap Text
Trading Statement for the year ended 30 June 2016

MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ADR Code: MURZY
ISIN: ZAE000073441
(“Murray & Roberts” or the “Company” or “Group”)

TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2016

In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited
(“JSE”), a company is required to publish a trading statement as soon as it is satisfied,
that a reasonable degree of certainty exists, that the financial results for the next period to
be reported on are likely to vary by at least 20% from the previous corresponding period.

Further to the cautionary announcement published on the Stock Exchange News Service
of the JSE (“SENS”) on 20 July 2016 relating to the potential disposal of non-strategic
assets of the Group, the Group will be restating its results for the previous year to 30 June
2015, as certain operations have been classified as discontinued.

Results from continuing operations:

                                              Headline Earnings per       Earnings per share
Diluted
                                             share continuing (cents)     continuing (cents)
Actual - full year to 30 June 2015                     201                       208
- IFRS adjustment*                                      -6                       -12
Restated - full year to 30 June 2015                   195                       196

Range - full year to 30 June 2016            Cents          %           Cents         %
- low                                         170         -13%           208         6%
- high                                        180          -8%           218        11%

                                              Headline Earnings per       Earnings per share
Basic:
                                             share continuing (cents)     continuing (cents)
Actual - full year to 30 June 2015                     206                       213
- IFRS adjustment*                                      -6                       -12
Restated - full year to 30 June 2015                   200                       201

Range - full year to 30 June 2016            Cents          %           Cents         %
- low                                         176         -12%           215         7%
- high                                        186          -7%           225        12%

*IFRS adjustment: discontinued operations.
Results from continuing and discontinued operations:

                                             Headline earnings per        Earnings per share
Diluted:                                      share continuing &             continuing &
                                             discontinued (cents)        discontinued (cents)
Actual - full year to 30 June 2015                    207                        213

Range - full year to 30 June 2016          Cents            %           Cents         %
- low                                       148           -29%           178        -16%
- high                                      158           -24%           188        -12%

                                             Headline earnings per        Earnings per share
Basic:                                        share continuing &             continuing &
                                             discontinued (cents)        discontinued (cents)
Actual - full year to 30 June 2015                    212                        218

Range - full year to 30 June 2016          Cents            %           Cents         %
- low                                       152           -28%           184        -16%
- high                                      162           -24%           194        -11%

Shareholders are advised that the financial information on which this trading statement is
based has not been reviewed and reported on by the Group’s external auditors.

DATE OF ANNUAL FINANCIAL RESULTS & PRESENTATIONS

Murray & Roberts intends to publish its annual financial results for the year ended 30
June 2016 on Wednesday, 24 August 2016 at or around 17:00 (CAT) on SENS and will
be hosting an investor presentation in Johannesburg on Thursday, 25 August 2016. In
addition to the physical presentation, the Company will provide the following stakeholder
services on Thursday, 25 August 2016 at 12:00 (CAT):

    1. Live Call Access

         Live call access will be available on the following details:

           South Africa                        0 800 203 599
           UK                                  0 808 143 3720
           USA and Canada                      1 800 921 0864
           Australia                           1 800 350 102
           Other Countries - International     +27 10 201 6700

         Playback details can be requested from ed.jardim@murrob.com

    2. Live Webcast

         A live webcast will also be available on www.murrob.com, on the ‘Full Year
         Results’ link on the home page.

Bedfordview

18 August 2016
Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 18/08/2016 03:00:00 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