WESCO INVESTMENTS LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
WESCO INVESTMENTS LIMITED(Incorporated in the Republic of South
Africa)(Registration number 1968/005871/06)JSE share code: WES
ISIN: ZAE000007928("Wesco" or "the group")
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
Wesco"s revised financial year runs from 1 April to 31 March (previously
1 January to 31 December).
The group"s results for the six months ended 30 September 2003 will reflect a
substantial* improvement over the results for the first six months of the
previous financial period which ended on 30 June 2002.
(*"substantial" is defined in the JSE Listings Requirements as a change equal to
or greater than 30% when compared to the prior comparative period.)
The improvement is largely attributable to more favourable exchange rates and
operating conditions in the motor industry.
Further details will be provided when Wesco"s interim report to 30 September
2003 is published on or about 12 December 2003. As the earnings estimate has not
been reviewed and reported on by Wesco"s auditors, shareholders are advised to
exercise caution when dealing in Wesco shares until the aforementioned interim
report is published.
By order of the Board
Johannesburg17 November 2003
Sponsor:
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
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