2009/05/20
WHL - Woolworths Holdings - Trading Statement [JSE Securities Exchange - SENS]
 
WOWOW                                                                           
WHL - Woolworths Holdings - Trading Statement                                   
Woolworths Holdings Limited                                                     
(Incorporated in the Republic of South Africa)                                  
Registration number: 1929/001986/06                                             
Share code: WHL     ISIN: ZAE000063863                                          
("Woolworths Holdings" or "the group")                                          
TRADING STATEMENT                                                               
In the Unaudited results for the 26 weeks ended December 2008 released by       
Woolworths Holdings on SENS on 19 February 2009, the group stated that          
earnings per share ("EPS") was 94.4% higher than the results for the            
corresponding reporting period of the previous year ("corresponding period").   
This was primarily due to the profit made on the disposal of a 50% plus one     
share of Woolworths Financial Services to ABSA Group Limited on 1 October 2008  
of approximately R380 million("the transaction").                               
Woolworths Holdings is currently reviewing its trading for the year ended June  
2009 and would like to highlight that the transaction will accordingly flow     
into the full year results. Consequently, EPS will be more than 20% higher      
than the corresponding period. Due to the significance of the peak winter       
retail trading season and fluctuating exchange rates, it is however not yet     
possible to quantify the impact on EPS within the 20% range required by the     
JSE Limited Listings Requirements ("JSE Listings Requirements") with a          
reasonable degree of certainty or to provide guidance on headline earnings per  
share ("HEPS").                                                                 
A further trading statement will be issued later in the reporting period and    
provide earnings forecast ranges for EPS and HEPS as required by the JSE        
Listings Requirements.                                                          
Shareholders are advised that the financial information contained in this       
announcement has not been reviewed or reported on by the group`s external       
auditors.                                                                       
The group`s results for the full year ending June 2009 are due to be released   
on SENS on or about 27 August 2009.                                             
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                                  
Cape Town                                                                       
20 May 2009                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 20/05/2009 16:00:02 Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          
Source: JSE Securities Exchange - SENS
 
DISCLAIMER: http://www.mcgbfa.com/disclaimer.htm
 
Email
 
Print