Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR
TSX Code: WGR
CUSIP Number: S98297104
JOHANNESBURG, South Africa, April 29 /CNW/ - 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 be more than 20% different from that of the previous corresponding period. Accordingly, a review of the financial results for the 12 months ended 28 February 2010 by management has indicated that they expect a basic and headline loss per share of between 25.30 cents per share and 30.80 cents per share. In the prior comparative period the Company reported a basic loss and headline loss per share of 13.14 and 13.19 cents per share respectively.
This increase in the basic loss and headline loss per share is mainly attributable to a reduction in net finance income (R8,3m), partially offset by decreases in consulting fees (R1,2m), investor relations expenditure (R0,9m) and employment related expenditure (R1,5m).
The financial information on which this trading statement is based has not been reviewed or reported on by Wits Gold's auditors. The results for the 12 months ended 28 February 2010 are expected to be published on or about 28 May 2010.
29 April 2010
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
(Registration number 1970/003711/07)
SOURCE Wits Gold