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Trading Statement
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”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a company
is required to publish a trading statement as soon as it becomes aware, with a reasonable
degree of certainty, that the financial results for the next period to be reported on are likely
to vary by more than 20% from the previous corresponding period.
Stakeholders are referred to the Business Update published on the Stock Exchange
News Service of the JSE (“SENS”) on 3 November 2016, quoting an expected decline in
operational earnings for FY2017, when compared to FY2016, mainly due to persistent low
commodity and energy prices, with a major impact expected in the Oil & Gas platform.
Accordingly, shareholders of the Company are advised that Murray & Roberts expects
basic earnings per share (“EPS”) and basic headline earnings per share (“HEPS”) for the
six months ended 31 December 2016 to be more than 20% lower than the basic EPS of
94 cents and the basic HEPS of 89 cents reported for the previous comparative reporting
period. This will equate to an expected reduction of at least 18.8 cents basic EPS and
17.8 cents basic HEPS for the six months ended 31 December 2016. Once a reasonable
degree of certainty has been established on the financial results for this period, a further
trading statement will be released.
The natural resource market sectors are cyclical and the Group will trade through this
difficult period. The Group’s companies are respected for their capabilities and services
and the group is well positioned for the expected upturn in the commodity cycle, in the
medium-to long-term.
Shareholders are advised that the financial information on which this trading statement is
based, has not been reviewed or reported on by the Group’s external auditors.
Murray & Roberts intends to publish its financial results for the six months ended 31
December 2016, on 22 February 2017, on or around 17:00 (CAT) on SENS and will be
hosting an investor presentation in Johannesburg on Thursday, 23 February 2017.
Bedfordview
7 December 2016
Sponsor: Deutsche Securities (SA) Proprietary Limited
Date: 07/12/2016 02:00:00 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.
