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WHL - Woolworths Holdings - Further Trading Statement For The 52 Weeks To

Release Date: 03/08/2007 09:13
Code(s): WHL
Wrap Text

WHL - Woolworths Holdings - Further Trading Statement For The 52 Weeks To June 2007 Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1929/001986/06 Share code: WHL & ISIN: ZAE000063863 ("Woolworths Holdings" or "the Company") FURTHER TRADING STATEMENT FOR THE 52 WEEKS TO JUNE 2007 On 18 July 2007 shareholders were advised in the trading update released on SENS that headline earnings per share and earnings per share for the twelve months ended 30 June 2007 were likely to be between 15% and 25% higher than the prior year. We further advised that earnings per share will be higher than headline earnings per share, mainly due to a R46.7 million profit after tax made on the disposal of land in Midrand, Gauteng. The Company is currently finalising its financial results and have subsequently established that headline earnings per share and earnings per share for the year ended 30 June 2007 will in fact be between 20% and 30% higher than the prior year. The estimated earnings range has increased due to a reduction in our effective tax rate, following the recognition of a deferred tax asset in Country Road Limited. The Company expects to release its results on SENS on 23 August 2007. The forecast information on which this trading statement is based has not been reviewed and reported on by the Company`s auditors. 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 3 August 2007 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 03/08/2007 09:13:43 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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