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Initial Trading Statement
LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB
INITIAL TRADING STATEMENT
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg Stock
Exchange, listed companies are required to publish a trading statement as soon as they
become reasonably certain that the financial results for the next period to be reported
on will be more than 20% different from those of the previous corresponding period or
from a profit forecast previously provided to the market in relation to such period.
Shareholders are reminded that Labat changed its year-end from February to August in
2015. Accordingly, the twelve months for the year ended 31 August 2016 will be
compared to the six months ended 31 August 2015 (“Comparative Period”) for purposes
of this trading update.
Accordingly, it is expected that the company will report improved results for the year
ended 31 August 2016 by more than 100% compared to the Comparative Period,
moving from a loss to a profit. However, the range cannot yet be identified.
The above information is intended to be an initial trading statement and is subject to
change once the Company is closer to finalising its results for the year ended
31 August 2016, whereafter a further trading statement will be issued.
The financial information, on which this trading statement is based, has not been
reviewed or reported on by the Company’s auditors.
Johannesburg
25 November 2016
Sponsor
Arbor Capital Sponsors Proprietary Limited
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