WTL
WTL
WTL - William Tell - Trading Statement
WILLIAM TELL HOLDINGS LIMITED
(formerly Vicva 148 (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration Number 2004/030045/06)
Share code: WTL & ISIN: ZAE000098133
("William Tell" or "the company")
Trading Statement
In accordance with paragraph 3.4 of the Listings Requirements of the JSE
Limited, a listed company is required to publish a trading statement as soon as
it becomes aware, with a reasonable degree of certainty, that the financial
results for the next period to be reported on are likely to vary by more than
20% from the previous corresponding period.
William Tell wishes to advise shareholders that the company`s earnings per share
("EPS") and headline earnings per share ("HEPS") for the financial year ending
30 June 2008 ("the 2008 financial year") are expected to be between 25% and 35%
lower than those reported for the previous corresponding period and between 35%
and 45% lower than the forecast EPS and HEPS for the 2008 financial year as set
out in the prospectus issued on 25 June 2007.
Sudden and dramatic adverse conditions in the building industry, particularly
the residential building sector, have resulted in a substantial slowing in
turnover and a tightening of margins since the first quarter of 2008. Such
adverse conditions, which are affecting the wood based panel industry worldwide,
are expected to continue into William Tell`s next financial year.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
Johannesburg
2 June 2008
Designated Adviser
PSG Capital (Pty) Limited
Date: 02/06/2008 08:44:08 Produced by the JSE SENS Department.
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