Wesizwe Platinum Limited - Trading update
05 August 2009
In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will vary more than 20% from that of the previous corresponding period.
Accordingly, a review of the financial results for the period ended 30 June 2009 by Wesizwe Platinum Limited’s management has indicated that they expect a basic and headline loss per share to be between 22% and 36% less than the reported basic and headline loss per share for the same period last year.
The decrease in the basic and headline loss per share is mainly attributable to the decrease in administrative expenses amounting to approximately R7-million.
The interim results for the period ended 30 June 2009 are expected to be published in September 2009.
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