WKF - Workforce Holdings - Trading update for the six months ended 30 June 2008
WKF
WKF
WKF - Workforce Holdings - Trading update for the six months ended 30 June 2008
Workforce Holdings Limited
(Registration number 2006/018145/06)
JSE code: WKF
ISIN: ZAE000087847)
("Workforce" or "the company")
TRADING UPDATE FOR THE SIX MONTHS ENDED 30 JUNE 2008
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading update as soon as they become aware that the financial
results for the period to be reported on next will differ by at least 20% from
the financial results for the corresponding previous period.
Accordingly, Workforce shareholders are advised that in respect of the six
months ended 30 June 2008, earnings per share and headline earnings per share
are expected to be 75% to 85% lower than the prior year.
This decrease is as a result of:
- poorer trading results in the Gauteng and KwaZulu-Natal divisions of the
blue collar staff outsourcing division; and
- a partial accrual, deemed prudent by the board of directors, in respect of
disputed charges arising from higher percentage rates levied by the
Commissioner in terms of the Compensation for Occupational Injuries and
Diseases Act, No. 130 of 1993, in the final assessments for the year ended
28 February 2007 and the provisional assessments for the year ended 29
February 2008.
The financial results upon which this trading update has been based have not
been audited or reviewed by the company`s auditors.
It is anticipated that Workforce`s interim financial results will be released on
or about Friday, 29 August 2008.
Johannesburg
22 August 2008
Designated Adviser
Vunani Corporate Finance
Date: 22/08/2008 16:45:02 Produced by the JSE SENS Department.
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