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WBHO expects profit drop

Aug 05 2011 09:32 I-Net Bridge

Company Data

Wilson Bayly Hlm-ovc Ord [JSE : WBO]

Last traded R126.50
Change R2.26
% Change 1.82%
Cumulative volume 52,763
Market cap R8.35bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - Wilson Bayly Holmes-Ovcon [JSE:WBO] advised on Friday that it expects both the headline earnings and earnings per share for the year ended June 2011 to be between 15% and 25% lower than those reported for the year ended June 2010.

The Competition Commission is currently in the process of assessing WBHO's submissions and the outcome of this process would possibly result in the imposition of an administrative penalty to the company, it said.

Current indications are that the amount of such a penalty would only be known early in 2012 and therefore no provision has been made in this regard in the expected results for the year ended June 2011.

Results for the year ended June 2011 would be published on or about September 5 2011, it said. 

 
 
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