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Trading Statement
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
Subsequent to the business update released on SENS in June 2014 in which shareholders were advised of the
effects of production constraints and poor trading conditions on the value of non-current assets within the
pipe mill, Capital Star Steel, as well as concerns over the future viability of the business, a decision was reached
to either sell or close the operation. The shelving and racking businesses, Symo (a division within Capital Africa
Steel (Pty) Ltd) and Krost Shelving (Pty) Ltd were also both disposed of during the year and, pending certain
conditions precedent, an agreement has been concluded in respect of the sale of Dywidag-Systems
International (Pty) Ltd, the business supplying roof bolts to the mining sector. As a result these businesses will
be disclosed as discontinued operations in the upcoming release of results.
Thus the directors of Wilson Bayly Holmes-Ovcon Ltd hereby advise shareholders that in respect of the
consolidated results for the year ended 30 June 2014, earnings per share from continuing operations will
increase by between 10% and 20% while headline earnings per share from continuing operations will increase
by between 5% and 15%.
Earnings per share will decrease by between 25% and 35% while headline earnings per share will be in a range
of between -5% and 5% of that of the comparative period.
This statement has not been reviewed or reported on by the company’s auditors.
The financial results for the year to 30 June 2014 are expected to be released on SENS 1 September 2014.
By order of the board
Johannesburg
18 August 2014
Sponsor: Investec Bank Limited
Date: 18/08/2014 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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