BRIEF-Woolworths Holdings FY HEPS 119.8 Cents

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BRIEF-Woolworths Holdings FY HEPS 119.8 Cents
Credit: © Reuters.

Sept 17 (Reuters) - Woolworths (ASX: WOW ) Holdings Ltd WHLJ.J :

* WOOLWORTHS - IMPACT OF COVID-19 ON TRADING ENVIRONMENT AND RESULTS NECESSITATED AN ASSESSMENT OF CARRYING VALUES OF ASSETS

* WOOLWORTHS - CARRYING VALUE OF CERTAIN STORE ASSETS HAS BEEN IMPAIRED, WHICH NEGATIVELY IMPACTED REPORTED EARNINGS PER SHARE

* WOOLWORTHS - WHILE DAVID JONES WAS ABLE TO CONTINUE TRADING MOST OF THEIR STORES DURING H2, THERE WAS A SIGNIFICANT DECLINE IN FOOTFALL

* WOOLWORTHS - FY HEADLINE EARNINGS PER SHARE -65.1% TO 119.8 CENTS

* WOOLWORTHS - HAS ELECTED NOT TO RECOGNISE CERTAIN DEFERRED TAX ASSETS ARISING FROM ASSESSED LOSSES IN RELATION TO CERTAIN GROUP ENTITIES

* WOOLWORTHS - FY TURNOVER DOWN 1.2% TO R72.2 BILLION (POST IFRS 16 )

* WOOLWORTHS - GROUP HAS ELECTED NOT TO RECOGNISE CERTAIN DEFERRED TAX ASSETS ARISING FROM ASSESSED LOSSES IN RELATION TO CERTAIN GROUP ENTITIES

* WOOLWORTHS - TRADING ENVIRONMENT IN SOUTHERN AFRICA, AUSTRALASIA REMAINS CHALLENGING AND UNCERTAIN AND IS EXPECTED TO REMAIN SO FOR FORESEEABLE FUTURE

* WOOLWORTHS - DAVID JONES ('DJ') WAS ABLE TO CONTINUE TRADING MOST OF THEIR STORES DURING H2, THERE WAS A SIGNIFICANT DECLINE IN FOOTFALL

* WOOLWORTHS - COUNTRY ROAD GROUP ('CRG') STORES WERE CLOSED FOR EIGHT WEEKS DURING Q4.

* WOOLWORTHS - SUCCESSFULLY SECURED REQUISITE SUSPENSION OF COVENANT TESTING FROM OUR LENDERS AND BONDHOLDERS IN AUSTRALIA

* WOOLWORTHS - OUR LENDERS IN SOUTH AFRICA HAVE AMENDED COVENANTS, FOR JUNE AND DECEMBER 2020 MEASUREMENT DATES

* WOOLWORTHS - REVIEW OF CAPITAL STRUCTURE OF AUSTRALASIAN ENTITIES IS PROGRESSING WELL

* WOOLWORTHS-TALKS WITH AUSTRALASIAN LANDLORDS ON RENT ABATEMENTS, ACCELERATED RESTRUCTURE OF DJ STORE PORTFOLIO, REDUCTION IN FLOOR SPACE, PROGRESSING

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