mazor group ltd (MZR) Snapshot

Mazor Group Limited reported audited consolidated financial results for the year ended February 28, 2013. For the year, the company reported revenue from continuing operations of ZAR 438,514,894 compared to revenue from continuing operations of ZAR 223,889,398 for the same period a year ago. Operating profit was ZAR 37,352,142 compared to ZAR 2,703,450 last year. Profit before taxation was ZAR 37,106,942 compared to ZAR 8,012,048 last year. Profit from continuing operations was ZAR 30,610,528 compared to ZAR 5,982,133 last year. Total comprehensive income was ZAR 29,981,784 or 25.3 cents per basic and diluted share compared to ZAR 5,800,789 or 4.8 cents per basic and diluted share last year. Headline earnings were ZAR 17,017,158 or 14.34 cents per basic and diluted share compared to 5,756,203 or 4.79 cents per basic and diluted share last year. Net cash flow from operating activities was ZAR 26,292,405 compared to net cash used in operating activities of ZAR 16,986,866 last year. Purchase of property, plant and equipment was ZAR 18,969,006 compared to ZAR 9,362,653 last year. With the construction industry having found firmer footing, the company expects steady growth in the first half of the next financial year and a kick-up to the bottom line in the second six months.

Liat Mazor has resigned as company secretary of Mazor Group Ltd. with immediate effect. Ivor Mark Bloom will be appointed as Company Secretary with effect from February 1, 2013.

Mazor Group Ltd. announced audited consolidated earnings results for the six months ended August 30, 2012. For the period, revenue was SAR 210,756,512, against SAR 115,433,299 a year ago. Operating profit was SAR 17,302,587 against SAR 517,619 a year ago. Profit before taxation was SAR 18,208,558 against SAR 2,975,635 a year ago. Total comprehensive income for the period was SAR 17,221,391 or Basic and diluted earnings per share of 14.5 cents against SAR 2,112,669 or Basic and diluted earnings per share of 1.75 cents a year ago. Net cash flow from operating activities was SAR 409,810 and purchase of property, plant and equipment was SAR 9,324,633 against net cash used in operating activities of SAR 261,003 and purchase of property, plant and equipment of SAR 3,689,049 a year ago. Adjusted basic and diluted headline earnings per share was 3.81 cents against 1.72 cents a year ago. Headline earnings was SAR 4,521,870 against SAR 2,075,280 a year ago. Earnings per share increased from 1.75 cents per share in the comparative period to 14.5 cents per share. Headline earnings adjusted for the fair value adjustment and gain on bargain purchase that arose on the acquisition of the remaining 50% of HBS increased on the comparative period from 1.72 cents per share to 3.81 cents per share.