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Noldic properties
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Wearne annual results show significant growth despite heavy rains, rate hikes and load shedding
Highlights: Revenue up 53% to R539 million Headline earnings up 51% to R39 million Earnings per share up 39% to 27.5 cents Headline earnings per share up 37% to 26.9 cents Net tangible asset value per share up 26% to 114.9 cents Wednesday, 21 May 2008: AltX-listed construction industry supplier, WG Wearne Limited, posted excellent growth for […]
Acquisition of the Portland Group and further cautionary announcement
W G Wearne Limited(Incorporated in the Republic of South Africa)(Registration number: 1994/005983/06)(JSE code: WEA ISIN: ZAE000078002)(“Wearne” or “the company”) ACQUISITION OF THE PORTLAND GROUP AND FURTHER CAUTIONARY ANNOUNCEMENT 1. INTRODUCTIONShareholders are referred to the renewal of the cautionary announcement dated 23 April 2008 and are advised that Wearne has entered into an agreement to acquire:1.1. […]
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WG Wearne releases excellent interim results
Growth surpasses expectations Thursday, 18 October 2007: AltX–listed WG Wearne, a supplier of ready mixed concrete and aggregates, today announced its interim results for the period ended 31 August 2007, reporting a 55.2% increase in revenue to R259.1 million. Gross profit increased by 69% to R86.2 million. Gross profit margin increased to 31.9%, compared to […]
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Update on acquisition and renewal of cautionary announcement
(Incorporated in the Republic of South Africa)Registration number: 1994/005983/06)(JSE code: WEA & ISIN: ZAE000078002)(“Wearne” or “the company”) UPDATE ON ACQUISITION OF THE BUSINESSES OF TZANEEN QUARRY (PTY) LIMITED ANDWILLOWSFOUNTAIN QUARRY (PTY) LIMITED RENEWAL OF CAUTIONARY ANNOUNCEMENT 1 INTRODUCTIONShareholders are referred to the announcement dated 23 April 2007 in which it was announced that subject to […]
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WG Wearne significantly exceeds growth forecasts
AltX listed company continues to take advantage of buoyant construction industry. Tuesday, 15 May 2007: AltX–listed WG Wearne, a supplier of ready mixed concrete and aggregates, today announced its annual results for the year ended 28 February 2007, reporting a 79% increase in revenue to R352 million. Net tangible asset value per share increased over […]
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