WEA - W G Wearne Limited - Trading statement update
WEA
WEA
WEA - W G Wearne Limited - Trading statement update
W G Wearne Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
JSE code: WEA
ISIN: ZAE000078002
("Wearne" or "the company")
TRADING STATEMENT UPDATE
At a meeting of the Wearne audit committee on 26 May 2011 a decision was
taken to increase the impairments on property, plant and equipment in order
to better reflect their fair value. This has resulted in an increase in the
expected loss per share as reported in the trading statement issued on 17 May
2011.
Shareholders are advised that the directors now expect a loss per share of
between 58 cents and 62 cents and an unchanged headline loss per share of
between 20 cents and 23 cents for the financial year ended 28 February 2011,
compared to the loss per share and headline loss per share of 26.74 and 15.52
cents respectively, reported for the year ended 28 February 2010.
The financial information on which this trading statement is based has not
been reviewed or reported on by the company`s auditors.
The company`s results for the year ended 28 February 2011 are expected
to be released on SENS before the end of May 2011.
Johannesburg
27 May 2011
Designated Adviser
Vunani Corporate Finance
Date: 27/05/2011 13:12:01 Produced by the JSE SENS Department.
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