WTL - William Tell Holdings Limited - Trading Statement
WTL
WTL
WTL - William Tell Holdings Limited - Trading Statement
WILLIAM TELL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2004/030045/06)
Share Code: WTL ISIN: ZAE000098133
("William Tell" or "the company")
TRADING STATEMENT
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE
Limited, companies are required to inform shareholders as soon as there is a
reasonable degree of certainty that the earnings of the company are likely to
vary by more than 20% compared to the previous reporting period.
The Board of Directors therefore wish to advise shareholders that basic
earnings per share attributable to ordinary shareholders for the six months
ended 31 December 2009 are expected to be between 8.89 cents and 9.44 cents
after factory relocation costs and between 10.95 cents and 11.63 cents before
relocation costs compared to basic earnings per share of 2.78 cents for the
previous comparable period.
The increase in basic earnings is influenced by the capital gain of R12.6
million on the disposal by William Tell of its Reuven property for a
consideration of R46 million, as announced on SENS on 30 September 2009.
A headline loss per share attributable to ordinary shareholders for the six
months ended 31 December 2009 has been incurred and is expected to be between
1.24 cents and 1.52 cents. Without the impact of factory relocation costs,
the company would have achieved headline earnings per share of between 0.67
cents and 0.82 cents compared to headline earnings per share of 2.78 cents
for the previous comparable period.
The reduction in headline earnings per share is as a result of continued
adverse trading conditions and a R2.6 million non-recurring relocation cost
in respect of consolidation of manufacturing operations at our new Chamdor
site.
The forecast information included in this trading statement has not been
reviewed or reported on by the company`s external auditors.
Johannesburg
12 January 2010
Designated Advisor: PSG Capital (Proprietary) Limited
Date: 12/01/2010 11:04:01 Produced by the JSE SENS Department.
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