NWL
NWL
NWL - Nu-World - Trading statement
NU-WORLD HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1968/002490/06)
Share Code: NWL ISIN code: ZAE000005070
("Nu-World" or "the company")
Trading Statement
Shareholders are advised that Nu-World, for its six months ended
28 February 2009, is expecting a decline in earnings per share ("EPS") of
between 50% and 60% and a decline in headline earnings per share ("HEPS")
of between 40% and 50% compared to the previous corresponding reporting
period. This decline is largely as a result of adverse trading conditions
in our offshore and local manufacturing operations resulting in the Group`s
decision to rationalize and restructure these organizations, which has
commenced and is expected to be completed by the financial year-end.
The financial information on which this trading statement is based has not
been reviewed or reported on by Nu-World`s auditors and the company`s
unaudited interim results for the period ended 28 February 2009 is
expected to be published on or about 13 May 2009.
Johannesburg
9 April 2009
Sponsor :
Sasfin Capital(a division of Sasfin Bank Limited)
Date: 09/04/2009 12:11:06 Produced by the JSE SENS Department.
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