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NWL - NU-World Holdings Limited - Trading Statement

Release Date: 22/09/2011 17:00
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 company" or "the Group") TRADING STATEMENT Shareholders are advised that Nu-World, for its year ended 31 August 2011, is expecting a decline in earnings per share ("EPS") and headline earnings per share ("HEPS") of between 65% and 75% compared to the previous corresponding reporting period. This decline is largely as a result of adverse trading conditions in both our offshore and local operations during the second half of the financial year. The Group has further rationalised and restructured these organisations, which has resulted in the closure of our local manufacturing division which is to be completed by the end of this calendar year. The financial information on which this trading statement is based has not been reviewed or reported on by Nu-World`s auditors and the financial results are expected to be published on or about 27 October 2011. Johannesburg 22 September 2011 Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 22/09/2011 17:00:02 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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