June 3 (Reuters) - Wilson Bayly Holmes - Ovcon Ltd WBOJ.J :
* TRADING STATEMENT TAKING COGNIZANCE OF THE EFFECT OF COVID-19 AND THE COMPLETION OF THE WESTERN ROADS UPGRADE
* OTHER THAN 4 PROJECTS SUSPENDED BY CLIENTS, ALL PROJECTS IN UK OPERATED THROUGHOUT LOCKDOWN, REMAIN OPERATIONAL
* FOUR SUSPENDED UK PROJECTS HAVE SUBSEQUENTLY ALL RESTARTED
* UK REVENUE AND PROFIT FOR YEAR TO 30 JUNE 2020 IS STILL EXPECTED TO BE UP BY AT LEAST 5%
* CASH RESERVES IN UK AND AFRICA ARE ANTICIPATED TO REMAIN STRONG
* AUSTRALIA OPERATIONS WILL NEED FUNDING TO AVOID BREACHING CERTAIN COVENANTS WITHIN AUSTRALIAN LOCAL GUARANTEE FACILITY
* EPS AND HEPS ARE EXPECTED TO BE AT LEAST 150% (1409 CENTS AND 1 398 CENTS RESPECTIVELY) LOWER FOR FY