Johannesburg - William Tell Holdings, the
AltX listed group acting in the building sector on Tuesday moved to advise
shareholders that a headline loss per share for the six months ended
December 31 2009 had been incurred and is expected to be between 1.24 cents
and 1.52 cents.
"Without the impact of factory relocation costs, the company would have
achieved headline earnings per share of between 0.67 cents and 0.82 cents
compared to headline earnings per share of 2.78 cents for the previous
comparable period," it said.
William Tell said that the reduction in headline earnings per share was
as a result of continued adverse trading conditions and a R2.6m
non-recurring relocation cost in respect of consolidation of manufacturing
operations at its new Chamdor site.
The group advised that basic earnings per share for the six months ended
December 31 2009 are expected to be between 8.89 cents and 9.44 cents after
factory relocation costs and between 10.95 cents and 11.63 cents before
relocation costs compared to basic earnings per share of 2.78 cents for the
previous comparable period.
"The increase in basic earnings is influenced by the capital gain of
R12.6m on the disposal by William Tell of its Reuven property for
a consideration of R46m," it concluded.
- I-Net Bridge