1999/07/16
STATEMENT REGARDING PROFIT [JSE Securities Exchange - SENS]
 
16/07/1999 - 20:35:36

WOOLWORTHS HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/01986/06)
("WOOLWORTHS")
STATEMENT REGARDING PROFIT
THE DIFFICULT ECONOMIC CONDITIONS IN THE SEGMENT OF THE RETAIL MARKET IN WHICH
THE GROUP'S SOUTH AFRICAN BUSINESS, WOOLWORTHS, OPERATES, TOGETHER WITH A VERY
MILD WINTER, HAS IMPACTED NEGATIVELY ON THE PROFITABILITY OF WOOLWORTHS.
WE WISH TO CONFIRM TO SHAREHOLDERS THE MARKET EXPECTATION THAT HEADLINE
EARNINGS PER SHARE (HEPS) FOR THE YEAR ENDED 30 JUNE 1999 WILL BE LOWER THAN
THOSE FOR THE COMPARABLE PERIOD LAST YEAR. FURTHER DETAILS WILL BE ANNOUNCED
WITH THE RELEASE OF THE RESULTS FOR THE YEAR ENDED 30 JUNE 1999 ON 19 AUGUST
1999 AND LATER WHEN THE ANNUAL FINANCIAL STATEMENTS ARE ISSUED.
PLANS PRESENTLY BEING IMPLEMENTED ARE EXPECTED TO RESULT IN AN IMPROVEMENT IN
TRADING PERFORMANCE IN THE FORTHCOMING YEAR.
CAPE TOWN
15 JULY 1999
PRODUCED BY: ELIZE BLOM 16-07-1999 07:06 SENS

PUBLISHER : JSE SENS Feed
Source: JSE Securities Exchange - SENS
 
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