WILSON BAYLY HOLMES-OVCON LIMITED - Trading Statement

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

In the six month period to 31 December 2016, WBHO has recognised the full value of the group’s socio-economic contribution
arising from the Settlement Agreement signed with the Government of South Africa on 11 October 2016, along with the
corresponding financial liability
As a result, the directors of Wilson Bayly Holmes-Ovcon Ltd hereby advise shareholders that, in respect of the unaudited
consolidated interim results for the period ended 31 December 2016, earnings per share and headline earnings per share are
expected to vary by the percentages and amounts included in the table below:-


                                                           31 December            31 December             31 December
                                                           FY16                   FY16                    FY15
                                                           % range between        between
 Continuing operations
 Earnings per share (cents)                                37.5% to 42.5%         372 and 404             646,7
                                                           down
 Headline earnings per share (cents)                       37.5% to 42.5%         371and 403              644,7
                                                           down


 Total operations
 Earnings per share (cents)                                37.5% to 42.5%         365 and 396             634,1
                                                           down
 Headline earnings per share (cents)                       37.5% to 42.5%         363 and 395             632,1
                                                           down


Other than the effect of a single loss-making project in Australia, the group achieved satisfactory trading over the six month
period. In order to provide shareholders with a clearer analysis of the group’s trading activities, the table below illustrates
adjusted earnings per share and headline earnings per share for period had the once-off settlement amount not been accounted
for.


                                                           31 December            31 December             31 December
                                                           FY16                   FY16                    FY15
                                                           % range between        between
 Continuing operations
 Earnings per share (cents)                                5% to 10% up           679 and 711             646,7
 Headline earnings per share (cents)                       5% to 10% up           677 and 709             644,7


 Total operations
 Earnings per share (cents)                                7,5% to 12,5% up       682 and 713             634,1
 Headline earnings per share (cents)                       5% to 10% up           664 and 695             632,1


The financial results for the period to 31 December 2016 are expected to be released on SENS 28 February 2017.
This statement has not been reviewed or reported on by the company’s auditors.
By order of the board


Johannesburg
15 February 2017


Sponsor: Investec Bank Limited

Date: 15/02/2017 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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