Edition:
India

Woolworths Holdings FY HEPS 119.8 Cents


Thursday, 17 Sep 2020 

Sept 17 (Reuters) - Woolworths Holdings Ltd ::WOOLWORTHS - IMPACT OF COVID-19 ON TRADING ENVIRONMENT AND RESULTS NECESSITATED AN ASSESSMENT OF CARRYING VALUES OF ASSETS.WOOLWORTHS - CARRYING VALUE OF CERTAIN STORE ASSETS HAS BEEN IMPAIRED, WHICH NEGATIVELY IMPACTED REPORTED EARNINGS PER SHARE.WOOLWORTHS - WHILE DAVID JONES WAS ABLE TO CONTINUE TRADING MOST OF THEIR STORES DURING H2, THERE WAS A SIGNIFICANT DECLINE IN FOOTFALL.WOOLWORTHS - FY HEADLINE EARNINGS PER SHARE -65.1% TO 119.8 CENTS.WOOLWORTHS - HAS ELECTED NOT TO RECOGNISE CERTAIN DEFERRED TAX ASSETS ARISING FROM ASSESSED LOSSES IN RELATION TO CERTAIN GROUP ENTITIES.WOOLWORTHS - FY TURNOVER DOWN 1.2% TO R72.2 BILLION (POST IFRS 16 ).WOOLWORTHS - GROUP HAS ELECTED NOT TO RECOGNISE CERTAIN DEFERRED TAX ASSETS ARISING FROM ASSESSED LOSSES IN RELATION TO CERTAIN GROUP ENTITIES.WOOLWORTHS - TRADING ENVIRONMENT IN SOUTHERN AFRICA, AUSTRALASIA REMAINS CHALLENGING AND UNCERTAIN AND IS EXPECTED TO REMAIN SO FOR FORESEEABLE FUTURE.WOOLWORTHS - DAVID JONES ('DJ') WAS ABLE TO CONTINUE TRADING MOST OF THEIR STORES DURING H2, THERE WAS A SIGNIFICANT DECLINE IN FOOTFALL.WOOLWORTHS - COUNTRY ROAD GROUP ('CRG') STORES WERE CLOSED FOR EIGHT WEEKS DURING Q4..WOOLWORTHS - SUCCESSFULLY SECURED REQUISITE SUSPENSION OF COVENANT TESTING FROM OUR LENDERS AND BONDHOLDERS IN AUSTRALIA.WOOLWORTHS - OUR LENDERS IN SOUTH AFRICA HAVE AMENDED COVENANTS, FOR JUNE AND DECEMBER 2020 MEASUREMENT DATES.