Trading Statement - Wb Holdings Limited
WB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE code: WBH ISIN: ZAE 000007902
(`WB Holdings` or `the company`)
TRADING STATEMENT
Shareholders are advised that the headline earnings and earnings of WB Holdings
for the six month period ending 31 December 2004 are expected to be lower than
that for the previous comparable period:
Headline earnings : 160% to 180%
Earnings : 1 700% to 1 720%
This is mainly due to the revaluation and impairment write-off of the value of
the fruit farms. The value of the farms has been negatively impacted by the
adverse effect of the strong Rand on the company`s export business, the removal
of unprofitable orchards during the 6 months ending 31 December 2004 and the
lower than expected value of agricultural property.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors. The interim results of WB
Holdings are expected to be published on or about 23 March 2005.
Paarl
18 March 2005
Corporate Advisor and Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
Date: 18/03/2005 05:00:29 PM
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