WSL
WSL
WSL - Wescoal - Trading Statement
Wescoal Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/006913/06)
(JSE code: WSL & ISIN: ZAE000069639)
("Wescoal" or "the company")
Trading Statement
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results for the period to be
reported on will differ by at least 20% or more from the financial results for
the previous corresponding period.
Shareholders are advised that Wescoal is currently finalising its results for
the year ended 31 March 2008 and are advised that its earnings per share for the
year is expected to be between 10.9 and 11.4 cents per share compared to
earnings per share of 2.3 cents for the twelve months ended 31 March 2007 and
headline earnings per share is expected to be between 11.0 and 11.5 cents per
share compared to headline earnings per share of 3.8 cents for the twelve months
ended 31 March 2007. This equates to an increase of between 375% to 395% in
earnings per share and 185% to 205% in headline earnings per share over that of
the corresponding period.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors. The company`s results for
the year ended 31 March 2008 are expected to be published on SENS towards the
middle of June 2008.
9 June 2008
Johannesburg
Designated Adviser
Exchange Sponsors
Date: 09/06/2008 10:25:03 Produced by the JSE SENS Department.
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