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Trading Statement

Buy Wilson Bayly Holmes-Ovcon Stocks
Published: 2022-09-12 10:41:31 ET
<<<  go to JSE:WBO company page
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


Shareholders are referred to the Business Update and Trading Statement published on SENS on 30 June 2022 in which
stakeholders were advised of developments within the group over the second six months of the financial year ended 30
June 2022.

In the trading statement at 30 June 2022, loss per share and headline loss per share from total operations which include
the discontinued Australian operations, were expected to produce a loss per share, respectively, of at least 3,657 cents and
2,751 per share compared to earnings per share of 594 cents and headline earnings per share of 620 cents per share at 30
June 2021. Subsequently, the losses attributable to the non-controlling interests was adjusted resulting in an increase in
the attributable loss from discontinued operations. The anticipated costs of closure disclosed in the Business Update of
AUD $135 million has not changed.

Accordingly, the directors of WBHO now hereby advise shareholders that, in respect of the consolidated financial results
for the year ended 30 June 2022, earnings per share and headline earnings per share are expected to vary by the
percentages and amounts included in the table below:-

                                             30 June 2022                30 June 2022                 30 June 2021
                                             % range between             between
 Continuing operations
 Attributable earnings per share
 (cents)                                     0% to 5% up                 1,293 and 1,358              1,293.2
 Headline      earnings      per
 share(cents)                                0% to 5% down               1,256 and 1,322              1,321.9

 Total operations
 Attributable (loss)/earnings per            780% to 785%                (4,040) and (4,070)          594.2
 share (cents)                               down                        down
 Headline (loss)/earnings per                695% to 700%                (3,686) and (3,717)          619.5
 share(cents)                                down                        down


The summarised consolidated financial statements for the year ended 30 June 2022 are expected to be released on SENS
on 13 September 2022.

This statement has not been reviewed nor reported on by the Company’s auditors.


By order of the board
Johannesburg
12 September 2022


Sponsor: Investec Bank Limited