Masonite's huge profit rise of 145%

Masonite (Africa) Limited advised on Tuesday (19 February) that its profit from operations‚ excluding the adjustment in fair value of biological assets‚ for the period ended December 2012 is expected to be 135% to 145% higher than that of the comparative period in 2011 due to improved trading margins and other operational improvements.

After adjusting for the increase in the fair value of biological assets it is expected that earnings per share and headline earnings per share will be between 220% and 230% higher than that of the previous year.

The results are expected to be released towards the end of March.


 
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