BRIEF-Wescoal HY Headline Loss Per Share 11.9 Cents

  • Reuters
  • Stock Market News
BRIEF-Wescoal HY Headline Loss Per Share 11.9 Cents
Credit: © Reuters.

Nov 26 (Reuters) - Wescoal Holdings Ltd WSLJ.J :

* CONDENSED CONSOLIDATED RESULTS FOR THE PERIOD ENDED 30 SEPTEMBER 2019

* HY REVENUE DECREASED BY 0.05% TO R2.063 BILLION (HY19: R2.064 BILLION)

* HY HEPS DECREASED BY 151% TO -11.9 CENTS PER SHARE (HY19: 23.5 CENTS PER SHARE)

* NO DIVIDEND DECLARED FOR HY (HY19: 8.10 CENTS PER SHARE)

* HY EPS DECREASED BY 147% TO -11.8 CENTS PER SHARE (HY19: 25.2 CENTS PER SHARE)

* HY NET ASSET VALUE PER SHARE DECREASED BY 10% TO 226 CENTS PER SHARE (FY19: 252 CENTS PER SHARE)

* OPTIMISTIC THAT CO WILL ACHIEVE OPERATIONAL STABILITY IN THE SECOND HALF OF FY20 AND ADD SIGNIFICANT PRODUCTION VOLUMES

* PRIORITY DEVELOPMENT OF MOABSVELDEN AND THE EXTENSION OF VGF ARE PROGRESSING WELL

* ESKOM REMAINS CONSISTENT, RELIABLE CUSTOMER, COMMITTED TO MAINTAINING STRONG RELATIONS WITH THE PARASTATAL IN FUTURE

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