WKF - Workforce - Trading Update For The Year Ended 31 December 2008
WKF
WKF
WKF - Workforce - Trading Update For The Year Ended 31 December 2008
WORKFORCE HOLDINGS LIMITED
(Registration number 2006/018145/06)
JSE code: WKF
ISIN: ZAE000087847
("Workforce" or "the company")
TRADING UPDATE FOR THE YEAR ENDED 31 DECEMBER 2008
Workforce shareholders are advised that in respect of the year ended 31
December 2008, earnings per share and headline earnings per share are
expected to be between 55% to 65% lower than the prior year. This reduction
is mainly as a result of:
- a substantial increase in interest;
- bad debt provisions due to the current economic circumstances;
- less than satisfactory performances in the Natal and Gauteng regions; as
well as
- the partial accrual in respect of the disputed charges relating to rates
levied in terms of the Compensation for Occupational Injuries and
Diseases Act, No. 130 of 1933, as advised at half year end.
Headline earnings per share were down 80% for the first 6 months of the year.
The financial results on which this trading update has been based have not
been audited or reviewed by the company`s auditors.
It is anticipated that Workforce`s financial results for the year ended 31
December 2008 will be released on or about 27 March 2009.
Johannesburg
20 March 2009
Designated Adviser
Vunani Corporate Finance
Date: 20/03/2009 12:20:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
