WBO – Wilson Bayly Holmes – Ovcon Ltd – Trading statement
Wilson Bayly Holmes – Ovcon Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO ISIN: ZAE000009932
Further to the trading statement released on Sens this morning the Directors
advise that headline earnings per share included in the published results for
the period ended 31 December 2010 had not been adjusted for the impairment of
the loan to associate. The impairment of loan to associate was only adjusted
for in the calculation of headline earnings per share included in the
audited, published results at 30 June 2011.
However the headline earnings per share for the period ending 31 December
2010 was adjusted for the impairment of loans to associate when calculating
the headline earnings per share for the period ended 31 December 2011, as
detailed in this morning`s trading statement.
Had the adjustment not been made, headline earnings per share would have
declined by 7.5% to 12,5% when compared to the comparative period.
The forecast has not been reviewed or reported on by the company`s auditors.
The release of the interim announcement of results for the six months ended
31 December 2011 is expected to be published on Monday, 20 February 2012.
By order of the board
9 February 2012
Investec Bank Limited
Date: 09/02/2012 12:05:02
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