Winhold Limited - Revision of trading statement an
WNH
WNH
Winhold Limited - Revision of trading statement and withdrawal of cautionary
Winhold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1945/019679/06)
Share code: WNH & ISIN: ZAE000033916
("the Group")
REVISION OF TRADING STATEMENT AND
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
The Trading Statement of 2 November 2006 and the Cautionary Announcement
regarding Trading Statement of 3 November 2006 refer. The uncertainty referred
to in the previous announcement, related to accounting treatment of IFRS
adjustments and the BEE restructure transactions in the subsidiaries. This
uncertainty has been removed and the information disclosed below has now been
reviewed by the auditors, BDO Spencer Stuart (Jhb) Inc., and a copy of the
review report is available for inspection at the registered office of the Group.
Shareholders are therefore advised that the expected improvement in
profitability, when compared to the re-stated comparative results (adjusted for
IFRS) for the previous financial year, is now as follows:
Headline earnings - 31% to 41%
Earnings - 35% to 45%
Headline earnings per share ("HEPS") - 12% to 22%
Earnings per share ("EPS") - 16% to 26%
The HEPS and EPS calculations are based on the 125 505 786 shares in issue at 30
September 2006 adjusted for shares held within the Group, compared with the
average weighted shares in issue for the previous financial year of 108 073 645
shares.
The results for the year ended 30 September 2006 are being finalised and audited
at present and are expected to be published on approximately 6 December 2006.
The cautionary announcement dated 3 November 2006 is hereby withdrawn.
By order of the board
D J DE VILLIERS Germiston
Company Secretary 28 November 2006
Sponsor:
Arcay Moela
Arcay Moela Sponsors (Pty) Ltd
(Registration number 2006/033725/07)
Date: 28/11/2006 05:37:02 PM Produced by the JSE SENS Department
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