Choppies final results June 2017
Revenue for the year came in at BWP8.9 billion (BWP7.4 billion), whilst gross profit was higher at BWP1.9 billion (BWP1.4 billion). Operating income of BWP1.9 billion (BWP1.5 billion) was recorded. Profit attributable to owners was recorded at BWP83.9 million (BWP109.5 million). In addition, headline earnings per share came to BWP6.68 thebe per share (BWP7.25 thebe per share).
Notice is hereby given that the gross final dividend of 2.1459 (2016: 2.8266)thebe (or ZAR equivalent) per share in respect of the year ended 30 June 2017.
Prospects and events after balance sheet date
Expansion is continuing in accordance with the long term strategy. Five more stores have been added post year end increasing the store total to 217. The acquisition of a further eight stores in KZN is being negotiated, which, if concluded, will be complementary to our current business and will bring significant operating synergies. There were no significant events that occurred after the reporting date that require adjustment to or disclosure in the financial statements for the year ended 30 June 2017.
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