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WG Wearne expects to widen FY17 losses

29th June 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

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Construction materials producer WG Wearne expects to have widened its losses for the financial year ended February 28.

The company on Thursday said it expected its results to reflect a basic loss a share of between 7.3c and 8.9c, compared with a basic loss a share of 6.52c for the prior financial year.

This would equate to a 12% to 37% year-on-year widening in the loss a share.

WG Wearne also anticipated that its headline loss a share would be between 14c and 15.5c, which equates to a widening of more than 100% on the headline loss a share of 6.52c in the 2016 financial year.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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