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Johannesburg - Wood-based panels manufacturer William Tell Holdings [JSE:WTL] on Wednesday advised that it anticipates a headline loss per share of between 1.98 cents and 3 cents for the year ended June 30 2010, from headline earnings per share of 5.1 cents previously.
It expects to report a basic loss per share of between 16.11 cents and 16.99 cents, from basic earnings per share of 4.4 cents earlier.
"The decrease in basic earnings is influenced by a once off impairment of R34.7m on the Booysens chipboard plant. This chipboard plant was impaired to market value as at June 30 2010," William Tell said.
It added that relocation costs were incurred following consolidation of manufacturing operations at its Chamdor site, with relocation completed during the June 30 2010 financial year.
If the impact of the factory relocation costs were to be excluded, William Tell said it would have achieved headline earnings per share of between 1.66 cents and 2.68 cents.
It said that earnings per share of between 11.45 cents and 12.33 cents would have been achieved before relocation costs.
William Tell expects to release its results on about September 16.
It expects to report a basic loss per share of between 16.11 cents and 16.99 cents, from basic earnings per share of 4.4 cents earlier.
"The decrease in basic earnings is influenced by a once off impairment of R34.7m on the Booysens chipboard plant. This chipboard plant was impaired to market value as at June 30 2010," William Tell said.
It added that relocation costs were incurred following consolidation of manufacturing operations at its Chamdor site, with relocation completed during the June 30 2010 financial year.
If the impact of the factory relocation costs were to be excluded, William Tell said it would have achieved headline earnings per share of between 1.66 cents and 2.68 cents.
It said that earnings per share of between 11.45 cents and 12.33 cents would have been achieved before relocation costs.
William Tell expects to release its results on about September 16.
