News: WLF Hargreaves Services FY Rev & Profit Could Be Hit If Wolf Minerals Ceases To Trade

Oct 9 (Reuters) - Hargreaves Services PLC HASE.L :

• WOLF MINERALS LIMITED
• UNTIL WOLF CONCLUDES FUNDING TALKS, IMPACT ON CO'S FINANCIAL POSITION & TRADING EXPECTATIONS CANNOT BE FULLY DETERMINED
• ESTIMATES CURRENT NET EXPOSURE OF ABOUT 5 MILLION STG TO WOLF IN TRADE DEBT, WIP BALANCES
• IF WOLF CEASES TO TRADE, IT COULD REDUCE GROUP'S REVENUE IN BALANCE OF CURRENT FINANCIAL YEAR BY ABOUT £15M
• REDUNDANCY & ASSOCIATED COSTS RELATED TO WOLF MAY ALSO RESULT IN FURTHER NON-RECURRING CHARGE OF UP TO £3M ON GROUP PROFITS IN CURRENT FY
• IF WOLF CEASES TO TRADE, IT COULD REDUCE GROUP'S PROFIT BEFORE TAX BY A FURTHER £1M IN BALANCE OF CURRENT FINANCIAL