WILSON BAYLY HOLMES-OVCON LIMITED - Trading statement

Trading statement

WILSON BAYLY HOLMES - OVCON LIMITED
Building and civil engineering contractors
(Registration no. 1982/011014/06)
ISIN No: ZAE 000009932
Share code: WBO
(“WBHO” or “the Company”)


TRADING STATEMENT


The directors of WBHO hereby advise shareholders that, in respect of the unaudited consolidated interim results for the period
ended 31 December 2019, earnings per share and headline earnings per share are expected to vary by the percentages and
amounts included in the table below:-


                                                                31 December             31 December             31 December
                                                                    2019                    2019                    2018
                                                              % range between             between
 
Total operations
 Earnings per share (cents)                                     200% to 220%             401 and 428                133,7
                                                                      up


 Headline earnings per share (cents)                            175% to 195%             400 and 429                145,6
                                                                      up


The operating performance of the group over the first six months of the financial year has been negatively affected by the
recognition of an additional provision in respect of the anticipated loss to complete the Western Roads infrastructure project in
Australia, and a loss making project in the Australian building business.
The group’s Africa operation has operated satisfactorily in an extremely difficult market and the UK operations have performed
well.
The financial results for the period to 31 December 2019 are expected to be released on SENS 3 March 2020.
This statement has not been reviewed or reported on by the Company’s auditors.


By order of the board


Johannesburg
18 February 2020


Sponsor: Investec Bank Limited

Date: 18-02-2020 05:05:00
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