| Tue 22 Aug 2017, 16:40 | | WILSON BAYLY HOLMES-OVCON LIMITED - Trading statement |
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WBO 201708220042A
Trading statement
WILSON BAYLY HOLMES - OVCON LIMITED
Building and civil engineering contractors
(Registration no. 1982/011014/06)
ISIN No: ZAE 000009932
Share code: WBO
(“WBHO” or “the Company”)
TRADING STATEMENT
Shareholders are referred to the market update published on SENS of the JSE Limited on 23 June 2017.
In the period to 30 June 2017, WBHO has recognised the full value of the group’s socio-economic contribution arising from the
Settlement Agreement signed with the Government of South Africa on 11 October 2016, along with the corresponding financial
liability.
As a result, the directors of Wilson Bayly Holmes-Ovcon Ltd hereby advise shareholders that, in respect of the consolidated
financial results for the year ended 30 June 2017, earnings per share and headline earnings per share are expected to vary by
the percentages and amounts included in the table below:-
30 June 30 June 30 June
FY17 FY17 FY16
% range between Between
Continuing operations:
Earnings per share (cents) 0% to 10% down 1 396 and 1 256 1 396,1
Headline earnings per share (cents) 0% to 10% down 1 343 and 1 209 1 342,9
Total operations:
Earnings per share (cents) 5% up to 5% down 1 388 and 1 256 1 322,2
Headline earnings per share (cents) 5% up to 5% down 1 358 and 1 229 1 293,7
In order to provide shareholders with a clearer analysis of the group’s trading activities, the table below illustrates adjusted
earnings per share and headline earnings per share for the period had the once-off settlement amount not been accounted for.
30 June 30 June 30 June
FY17 FY17 FY16
% range between Between
Continuing operations:
Earnings per share (cents) 7,5% to 17,5% up 1 501 and 1 640 1 396,1
Headline earnings per share (cents) 7,5% to 17,5% up 1 444 and 1 578 1 342,9
Total operations:
Earnings per share (cents) 12,5% to 22,5% up 1 487 and 1 620 1 322,2
Headline earnings per share (cents) 12,5% to 22,5% up 1 455 and 1 585 1 293,7
The summary consolidated financial statements for the year ended 30 June 2017 are expected to be released on SENS on 5
September 2017.
Directorate changes
In compliance with the Listings Requirements of the JSE Limited, shareholders are advised of the directorate changes following
the resignation of Ms Nosipho Siwisa Damasane from the board on 3 August 2017.
Ms Savannah Maziya has been appointed as a member of the audit committee with immediate effect.
This statement has not been reviewed nor reported on by the company’s auditors.
By order of the board
Johannesburg
21 August 2017
Sponsor: Investec Bank Limited
Date: 22/08/2017 04:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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