Archive for July, 2009
Restructuring of bee shareholding in Wescoal
Waterberg Portion Property (Pty) Limited ("WPP"), a BEE company which holds a 31.36% shareholding in Wescoal has restructured its shareholding in Wescoal through the transfer of 1 000 000 Wescoal shares at 78 cents per share to Mr R Ramaite, a shareholder of WPP and director of Wescoal and 2 000 000 Wescoal shares at [...]
Wescoal appoints former Subaru Southern Africa MD to board
Teresita van Gaalen has been appointed as an independent non-exeuctive director of mining company Wescoal.
Results for the year-ended 31 March 2009
HIGHLIGHTS
Revenue up 51.7%
Operating profits up 40.1%
Headline earnings up 47.1%
Operating cash flow up 273.0%
Net Asset Value up 164.7%