WGR
WGR
WGR - Witwatersrand Consolidated Gold Resources - Trading update
Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
("Wits Gold")
JSE Code: WGR
TSX Code: WGR
ISIN: ZAE000079703
Trading update
In terms of the Listings Requirements of JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the
financial results for the period to be reported on will be more that 20%
different from that of the previous corresponding period. Accordingly, a review
of the financial results for the 12 months ended 29 February 2008 by management
has indicated that they expect a basic and headline Profit per share of between
2,54 cents per share and 3,10 cents per share. In the prior comparative period
the company reported a basic and headline loss per share of 13,80 cents per
share.
The decrease in the loss and headline loss per share is mainly attributable to
an increase in interest received (R6,4m), a decrease in expenditure related to
the listing of the Company`s shares (R6,9m) offset by an increase in employment
costs (R4,3m) and a tax charge (R3.9m).
The financial information on which this trading statement is based has not been
reviewed or reported on by Wits Gold`s auditors. The results for the 12 months
ended 29 February 2008 are expected to be published on or about 30 May 2008.
14 May 2008
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
(Registration number 1970/003711/07)
Date: 14/05/2008 17:18:03 Produced by the JSE SENS Department.
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