NWL
NWL
NWL - NU-World Holdings Limited - Trading Statement
NU-WORLD HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1968/002490/06)
Share Code: NWL ISIN code: ZAE000005070
("Nu-World" or "the company" or "the Group")
TRADING STATEMENT
Shareholders are advised that Nu-World, for its year ended 31 August 2011, is
expecting a decline in earnings per share ("EPS") and headline earnings per
share ("HEPS") of between 65% and 75% compared to the previous corresponding
reporting period. This decline is largely as a result of adverse trading
conditions in both our offshore and local operations during the second half of
the financial year. The Group has further rationalised and restructured these
organisations, which has resulted in the closure of our local manufacturing
division which is to be completed by the end of this calendar year.
The financial information on which this trading statement is based has not been
reviewed or reported on by Nu-World`s auditors and the financial results are
expected to be published on or about 27 October 2011.
Johannesburg
22 September 2011
Sponsor:
Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 22/09/2011 17:00:02 Produced by the JSE SENS Department.
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