WHL - Woolworths Holdings Limited - 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")
The results for the year ending 27 June 2010 ("the period') will not be
comparable due to the disposal of a 50% plus one share of the Woolworths
Financial Services business to ABSA Group Limited on 1 October 2008 ("the
The group is currently reviewing its trading for the period and would like to
highlight that the transaction will impact the comparability of the results for
the period. In addition, the impact of the unrealised foreign exchange loss of
R79m (before tax) recognised in the income statement for the year ended 30 June
2009, and reported on SENS on 1 July 2009, will have unwound in full in the
Consequently, headline earnings per share ("HEPS') will be more than 20% higher
than the corresponding period.
Due to the significance of the peak winter retail trading season, it is not yet
possible to quantify the impact on HEPS within the 20% range required by the JSE
Limited Listings Requirements ("JSE Listings Requirements") with a reasonable
degree of certainty.
A further trading statement will be issued later in the reporting period and
provide earnings forecast ranges for HEPS and EPS as required by the JSE
Shareholders are advised that the financial information contained in this
announcement has not been reviewed or reported on by the group's external
The group's results for the full year ending 27 June 2010 are due to be released
on SENS on or about 26 August 2010.
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
19 May 2010
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/05/2010 12:35:01 Produced by the JSE SENS Department.
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