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Masonite expect lower HEPS and EPS
Shareholders are advised that Masonite's profit from operations, excluding the adjustment in fair value of biological assets, for the six months ended 30 June 2010 is expected to be 60% to 70% lower than that of the comparative period (being 30 June 2009). Earnings per share and headline earnings per share are expected to be 50% to 60% below that of the prior comparative period. This decline was mainly attributable to the impact of the strong Rand on sales and gross margins. The information in this trading update has not been reviewed or reported on by Masonite`s auditors. The results are expected to be released towards the end of September 2010.
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