BIO - BioScience Brands Limited - Trading Statement
BIO
BIO
BIO - BioScience Brands Limited - Trading Statement
BioScience Brands Limited
Registration number 2005/005805/07
Incorporated in the Republic of South Africa
Share code: BIO
ISIN code: ZAE000115036
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("the JSE"), listed
companies are required to publish a trading statement as soon as they become
reasonably certain that the financial results for the next period to be reported
on will be more than 20% different from those of the previous corresponding
period or from a profit forecast previously provided to the market in relation
to such period.
We expect the loss per share and headline loss per share for the six months
ended 31 December 2011 to be more than 20% better, namely between 0.01 cents and
0.09 cents, when compared to the loss per share of 0.39 cents and headline loss
per share of 0.14 cents as reported for the six months ended 31 December 2010.
In addition initiatives to settle the few remaining legacy issues, remaining
from pre-2008 when the company was known as Wellco Health Limited ("Wellco") are
finally being resolved. A favourable arrangement with Wellco`s bankers has been
reached resulting in R3m reduction in the amount owed.
The financial information on which this trading statement is based has not been
reviewed or reported on by the Group`s external auditors. The publication of the
results is expected on or about 28 February 2012.
Johannesburg
7 February 2012
Designated Advisor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 07/02/2012 15:59:11 Produced by the JSE SENS Department.
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