Company Data
| Last traded |
R48.10 |
| Change |
R-0.39 |
| % Change |
-0.80% |
| Cumulative volume |
1.72m |
| Market cap |
R40.18bn |
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Johannesburg - Retail group Woolworths [JSE:WHL] on Wednesday advised that it expected its full year headline earnings per share (HEPS) to be more than 20% higher than the corresponding period.
But Woolworths said the results for the year to end June 2010 would not be comparable due to the disposal of a 50% plus one share of the Woolworths Financial Services business to ABSA Group in October 2008.
In addition, it said the impact of the unrealised foreign exchange loss of R79m (before tax) recognised in the income statement for the year to end June 2009 will have unwound in full during the reporting period.
"Due to the significance of the peak winter retail trading season, it is not yet possible to quantify the impact on HEPS within the 20% range required by the JSE Limited Listings Requirements with a reasonable degree of certainty," the group said.
The group's results for the full year are due to be released on SENS on or about August 26.
- I-Net Bridge