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Trading statement
WORKFORCE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/018145/06)
Share code: WKF ISIN: ZAE000087847
(“Workforce” or “the Company” or “the Group”)
TRADING STATEMENT
In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to
be reported on will differ by more than 20% from that of the previous corresponding period.
Accordingly, a review of financial results for the twelve month period ended 31 December 2013
by management has indicated that earnings per share and headline earnings per share is
expected to be between 6 cents and 7 cents lower than the previous financial year’s restated
results of 7.8 cents earnings per share and 7.9 cents headline earnings per share. This is due to
losses from discontinuing operations as well as higher than normal bad debt write offs due to the
board of directors implementing a more stringent evaluation of the debtors book.
The financial information on which this trading statement is based has not been reviewed or
reported on by Workforce’s auditors. Workforce’s financial results are expected to be released on
or about 20 March 2014.
Johannesburg
14 March 2014
Designated Adviser
Merchantec Capital
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