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)
JSE Code: WTL ISIN: ZAE000098133
("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 corresponding period.
We refer to the previous announcement made on the 27th of May 2011, stating that
an updated trading statement will be provided once the Company has obtained more
certainty relating to expected results.
The Board of Directors therefore wishes to advise shareholders that the Company
expects to report a basic loss per share and headline loss per share
attributable to ordinary shareholders for the 12 months ended 30 June 2011 of
between 6.0 cents and 7.4 cents compared to basic loss per share of 16.6 cents
and headline loss per share of 2.5 cents for the previous corresponding period.
Shareholders are advised that the expected loss is as a result of continued
adverse trading conditions and the following non recurring items:
1. Settlement fees negotiated in lieu of 2 directors fixed term contracts to
the value of R1.8 million and
2. Increased bad debt and stock provisions to the value of R4.9 million
The financial information in this trading statement has neither been reviewed
nor reported on by the Company`s external auditors.
Johannesburg
9 September 2011
Designated Advisor: PSG Capital (Proprietary) Limited
Date: 09/09/2011 16:38:01 Produced by the JSE SENS Department.
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