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LABAT AFRICA LIMITED - Further trading statement

Release Date: 12/06/2015 17:17
Code(s): LAB     PDF:  
Wrap Text
Further trading statement

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the company”)
ISIN Code: ZAE000018354 Share code: LAB


FURTHER 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.

Further to the initial trading statement published on 29 May 2015, shareholders are
advised that the company will be reporting a profit for the year ended 28 February 2015
compared to a loss for the prior year ended 28 February 2014. The company accordingly
advises as follows:

.    the earnings per share is expected to move to 0.59 cents per share for the year
     ended 28 February 2015 from a loss of (3.46) cents per share for the prior period
     representing an improvement of 117%;
.    the earnings per share from continuing operations is expected to move to 0.42
     cents per share for the year ended 28 February 2015 from a loss of (3.03) cents per
     share for the prior period representing an improvement of 114%;
.    the headline earnings per share is expected to move to 0.61 cents per share for the
     year ended 28 February 2015 from a loss of (3.35) cents per share for the prior
     period representing an improvement of 118%;
.    the headline earnings per share from continuing operations is expected to move to
     0.40 cents per share for the year ended 28 February 2015 from a headline loss of
     (3.02) cents per share for the prior period representing an improvement of 113%;

The Company expects to publish its reviewed results on Monday, 15 June 2015.

The financial information, on which this trading statement is based, has not been
reviewed or reported on by the company’s auditors.

Johannesburg
12 June 2015

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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