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NWL - Nu-World Holdings Limited - Trading Statement

Release Date: 24/03/2010 16:00
Code(s): NWL
Wrap Text

NWL - Nu-World Holdings Limited - Trading Statement NU-WORLD HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration No. 1968/002490/06) Share Code: NWL ISIN code: ZAE000005070 ("Nu-World" or "the Group") TRADING STATEMENT In accordance with paragraph 3.4(b) of the Listings Requirement of the JSE Limited, shareholders are advised that Nu-World, for its six months ended 28 February 2010, is expecting an increase in earnings per share ("EPS") of between 160% and 170% and an increase in headline earnings per share ("HEPS") of between 100% and 110% compared to the previous corresponding reporting period. The restructuring programme has been completed and has yielded positive returns. The Group has enjoyed solid trading results over the period. The Board is confident of continued positive performance throughout 2010. The financial information on which this trading statement has been based has not been reviewed or reported on by the Group`s auditors. The Group`s results for the six month ended 28 February 2010 are expected to be published on or about 21 April 2010. Johannesburg 24 March 2010 Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 24/03/2010 16:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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