TIW
TIW
TIW - Tiwheel - Trading update
Tiger Wheels Limited
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1970/011662/06)
("TIWHEEL" OR "THE COMPANY")
SHARE CODE: TIW & ISIN NUMBER: ZAE000007407
Trading Statement
The following trading update is issued by the board of Tiwheel which owns
74% of the ATS group, its global alloy wheel manufacturing business. The
directors are acting in compliance with the JSE Ltd`s Listings
Requirements. This trading update replaces the update issued to
shareholders on 19 December 2006.
Shareholders are reminded that the South African trading businesses were
unbundled from Tiwheel and listed separately as Tiger Automotive Limited
("Tiauto") on December 11 2006. Accordingly, the financial information in
this update relates to Tiwheel and excludes that of Tiauto.
The expected loss of Tiwheel for the half year to 31 December 2006 is
anticipated to be 81 cents per share and headline loss of 123 cents per
share. The earnings for the comparative period to 31 December 2005, is
restated as earnings of 3.3 cents per share and headline earnings of 14.2
cents per share (restated from 56.1 cents earnings per share and 66.0 cents
headline earnings per share due to the unbundling of Tiauto).
More detail will be combined in the interim results of Tiwheel which are
expected to be published on or about 7 March 2007.
The information in this trading statement has not been reviewed or reported
on by Tiwheel`s auditors.
Johannesburg
2 March 2007
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 02/03/2007 08:36:03 Produced by the JSE SENS Department.
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