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WHL
WOWOW
WHL - Woolworths Holdings - Trading Statement
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1929/001986/06
Share code: WHL ISIN: ZAE000063863
("Woolworths Holdings" or "the group")
TRADING STATEMENT
In the Unaudited results for the 26 weeks ended December 2008 released by
Woolworths Holdings on SENS on 19 February 2009, the group stated that
earnings per share ("EPS") was 94.4% higher than the results for the
corresponding reporting period of the previous year ("corresponding period").
This was primarily due to the profit made on the disposal of a 50% plus one
share of Woolworths Financial Services to ABSA Group Limited on 1 October 2008
of approximately R380 million("the transaction").
Woolworths Holdings is currently reviewing its trading for the year ended June
2009 and would like to highlight that the transaction will accordingly flow
into the full year results. Consequently, EPS will be more than 20% higher
than the corresponding period. Due to the significance of the peak winter
retail trading season and fluctuating exchange rates, it is however not yet
possible to quantify the impact on EPS within the 20% range required by the
JSE Limited Listings Requirements ("JSE Listings Requirements") with a
reasonable degree of certainty or to provide guidance on headline earnings per
share ("HEPS").
A further trading statement will be issued later in the reporting period and
provide earnings forecast ranges for EPS and HEPS as required by the JSE
Listings Requirements.
Shareholders are advised that the financial information contained in this
announcement has not been reviewed or reported on by the group`s external
auditors.
The group`s results for the full year ending June 2009 are due to be released
on SENS on or about 27 August 2009.
Contact:
Simon Susman (Chief executive officer) on 021 407 2700
Norman Thomson (Finance director) on 021 407 3337
Cherrie Lowe (Group secretary) on 021 407 3160
Cape Town
20 May 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20/05/2009 16:00:02 Produced by the JSE SENS Department.
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