WBO
WBO
WBO - WBO-Wilson Bayly Holmes-Ovcon Ltd - Trading Statement
WBO-Wilson Bayly Holmes-Ovcon Ltd
(Incorporated in the Republic of South Africa)
(Registration number: 1982/011014/06)
Share code: WBO ISIN: ZAE000009932
("WBHO" or "the Company")
Trading Statement
As a result of the difficult trading conditions, the directors of WBHO
expect both the headline earnings and earnings per share for the year
ended 30 June 2011 to be between 15% and 25% lower than those reported
for the year ended 30 June 2010.
Shareholders are advised that with reference to the Sens announcement
released on 19 April 2011, the Competition Commission is currently in
the process of assessing WBHO`s submissions. The outcome of this
process will possibly result in the imposition of an administrative
penalty to the Company. Current indications are that the amount of
such a penalty will only be known early in 2012 and therefore no
provision has been made in this regard, in the expected results for
the year ended 30 June 2011.
The forecast has not been reviewed or reported on by the company`s
auditors.
The release of the reviewed results for the year ended 30 June 2011
will be published on or about 5 September 2011.
By order of the Board
5 August 2011.
Sponsor: Investec Bank Limited
Date: 05/08/2011 07:30:00 Produced by the JSE SENS Department.
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