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

MVELASERVE LIMITED - Trading statement

Release Date: 15/08/2013 14:50
Code(s): MVS     PDF:  
Wrap Text
Trading statement

(Incorporated in the Republic of South Africa)
Registration number 1999/003610/06
Ordinary share code: MVS
Ordinary share ISIN: ZAE 000151353
(“Mvelaserve” or “the Company”)


Mvelaserve is currently finalising its results for the financial
year ended 30 June 2013, which are expected to be released on SENS
on or about Wednesday, 11 September 2013. In this regard,
shareholders are advised that:

*Earnings per share (“EPS”) is expected to be between 71% and 87%
higher, than the 48,1 cents for the year ended 30 June 2012 (“the
previous year”), and

*Headline earnings per share (“HEPS”) is expected to be between
109% and 124% higher, than the 65,1 cents for the previous year.

The increase in earnings is mainly attributable to the recognition
of previously unrecognised deferred tax assets and improved
operational performance.

The above increases are partly offset by goodwill impairment
charges in respect of LTP, Zonke and RoyalServe Cleaning as well
as tangible and intangible asset impairment charges in respect of
Velocity, which impacts EPS but are excluded for the purposes of
calculating HEPS.

The above information has not been reviewed and reported on by the
Company’s auditors.

15 August 2013

Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15/08/2013 02:50:00 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.

Email this JSE Sens Item to a Friend.

Share This Story