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Trading statement for the half year ended 31 December 2023

Buy Mustek Stocks

Published: 2024-02-23 16:00:25 ET

<<< go to JSE:MST company page

MUSTEK LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1987/070161/06)

Share code: MST

ISIN: ZAE000012373

(“Mustek” or “the company” or “the Group”)

TRADING STATEMENT FOR THE HALF YEAR ENDED 31 DECEMBER 2023

This trading statement is published in compliance with paragraph 3.4(b) of the JSE Listings

Requirements.

Mustek’s shareholders are informed that, for the half year ended 31 December 2023, Mustek’s
headline earnings per share is expected to be between 55% and 65% lower than reported in the
comparative period at between 77.61 cents and 99,78 cents (31 December 2022: 221,74 cents).

Basic earnings per share is expected to be between 55% and 65% lower than reported in the
comparative period at between 76,77 cents and 98,71 cents (31 December 2022: 219,35 cents).

The decline in the Group’s performance reflects the adverse impacts of the prevailing local and
economic challenges. Revenue was impacted by a decline in the sale of green energy products from
a strong comparative period. In addition, higher interest rates impacted finance costs.

Net asset value per share is expected to be between 2 720,00 cents and 2 730,00 cents, compared to
2 575,24 cents as at 31 December 2022.

The company expects to release its unaudited half year financial results for the period ended 31
December 2023 on SENS on or about 6 March 2024.

The above information has not been reviewed or reported on by the company’s external auditors.

Midrand

23 February 2024

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.