WEA - W G Wearne Limited - Revised trading statement
WEA
WEA
WEA - W G Wearne Limited - Revised trading statement
W G WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(Share Code: WEA ISIN Code: ZAE000078002)
("Wearne" or "the Company")
REVISED TRADING STATEMENT
In terms of paragraph 3.4 (b) of the JSE Limited ("JSE") Listings
Requirements, companies are required to publish a trading statement as soon
as a reasonable degree of certainy exists that the financial results for
the period to be reported on will differ by more than 20% from the previous
corresponding period.
Shareholders are refered to the SENS announcements dated 29 May 2012, 31
May 2012 and 15 June 2012. As envisaged in the SENS announcement of 31 May
2012, property, plant and equipment have now been revalued resulting in a
reduction in the loss per share compared to the expected results on which
the trading statement of 29 May 2012 was based. Consequently the directors
now expect an improvement in the results for the year ended 29 February
2012 compared to the trading statement of 29 May 2012.
The directors now expect a headline loss per share of between 18.5 cents
and 20.0 cents (2011: headline loss per share of 21.12 cents) and a loss
per share of between 21.0 and 23.5 cents per share (2011:loss per share of
60.28 cents) for the year ended 29 February 2012.
The financial information on which this trading statement is based has not
been reviewed by Wearne`s auditors.
The Company`s financial results for the year ended 29 February 2012 are
expected to be released by 22 June 2012.
21 June 2012
Randburg
Designated Advisor
Exchange Sponsors
Date: 21/06/2012 17:35:01 Produced by the JSE SENS Department.
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