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 […]
Category: Press Release
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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WG Wearne alerts shareholders of its acquisition prospects
Source: Business Report WG Wearne alerts shareholders of its acquisition prospectsMarch 13, 2007 By Roy Cokayne Pretoria – WG Wearne, the AltX-listed supplier of ready-mixed concrete and aggregates, is on the acquisition trail again. The company yesterday advised shareholders to exercise caution in dealing in its shares because it had entered into negotiations that might […]
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WG WEARNE’S INTERIM RESULTS REFLECT ACCELERATED GROWTH
AltX -listed WG Wearne’s first interim results since listing have seen the supplier of ready mixed concrete and aggregates accelerate its growth for the six months toAugust 2006 by more than 50% across all key performance indicators. Capitalising on the ongoing construction boom the group drove revenue 72% higher than the same time last year, […]
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BUOYANT CONSTRUCTION INDUSTRY SEES WG WEARNE MAIDEN ANNUAL RESULTS AHEAD OF FORECAST
Powered by a buoyant construction industry driving demand for ready mixed concrete and aggregates, AltX-debutante WG Wearne has posted strong maiden results for the year to February 2006 ahead of pre-listing forecasts. Revenue of R196,6 million was up 12% over the previous year’s R175,4 million, while net profit increased 52,6% to R15,7 million. In line […]
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Trading update
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”) Trading update In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial […]
WG WEARNE THE FIRST CONSTRUCTION LISTING ON ALTX
96 year-old WG Wearne, SA’s oldest privately-owned supplier of ready mixed concrete and aggregates, earlier today founded AltX’s new construction sector when it was the first in an expected stream of construction companies to list on the exchange. The share debuted strongly at R1,91, almost double the R1 value at which shares had been priced […]
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