WHL - Woolworths Holdings - Further Trading Statement For The 52 Weeks To
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1929/001986/06
Share code: WHL & ISIN: ZAE000063863
("Woolworths Holdings" or "the Company")
FURTHER TRADING STATEMENT FOR THE 52 WEEKS TO JUNE 2007
On 18 July 2007 shareholders were advised in the trading update released on
SENS that headline earnings per share and earnings per share for the twelve
months ended 30 June 2007 were likely to be between 15% and 25% higher than
the prior year. We further advised that earnings per share will be higher
than headline earnings per share, mainly due to a R46.7 million profit after
tax made on the disposal of land in Midrand, Gauteng.
The Company is currently finalising its financial results and have
subsequently established that headline earnings per share and earnings per
share for the year ended 30 June 2007 will in fact be between 20% and 30%
higher than the prior year.
The estimated earnings range has increased due to a reduction in our
effective tax rate, following the recognition of a deferred tax asset in
Country Road Limited.
The Company expects to release its results on SENS on 23 August 2007.
The forecast information on which this trading statement is based has not
been reviewed and reported on by the Company's auditors.
Contact: Simon Susman (Chief executive officer) on 021 407 2700
Norman Thomson (Finance director) on 021 407 3337
Cherrie Lowe (Group secretary) on 021 407 3160
3 August 2007
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 03/08/2007 09:13:43 Produced by the JSE SENS Department.