WES
WES
WES - Wesco Investments Limited - Trading Statement
WESCO INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)(Registration number
1968/005871/06)JSE share code: WES
ISIN: ZAE000007928("Wesco" or "the company")
TRADING STATEMENT
Shareholders are advised that the headline earnings for the financial year ended
31 March 2008 will be reduced from a profit of 2 195 cents per share to a loss
of 352 cents per share, while basic earnings will reduce from 3 345 cents per
share to 1 015 cents per share.
This financial information has not been reviewed and reported on by the auditors
of the company.
The results for the year ended 31 March 2008 are expected to be released on SENS
after the close of trading on the JSE Limited on Wednesday, 4 June 2008 and
published in the press on Thursday, 5 June 2008.
CAUTIONARY ANNOUNCEMENT
Shareholders are further advised that the company has entered into discussions
in respect of a proposed disposal of Wesco`s 25% interest in Toyota South Africa
(Proprietary) Limited to Toyota Motor Corporation of Japan, the successful
outcome of which may have a material effect on the price at which Wesco shares
trade on the JSE Limited.
Accordingly, Wesco shareholders are advised to exercise caution in dealing in
their shares until a further announcement is made in this regard.
By order of the board
Johannesburg
27 May 2008
SponsorArcay Moela Sponsors (Proprietary) Limited
(Registration number 2006/033725/07)
Date: 27/05/2008 17:00:01 Produced by the JSE SENS Department.
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