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LABAT AFRICA LIMITED - Trading statement

Release Date: 11/12/2015 17:50
Code(s): LAB     PDF:  
Wrap Text
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


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
that regard, this trading statement relates to the new year-end, being the six months
ended 31 August 2015, the corresponding period in 2014 as well the year ended
28 February 2015. Accordingly, shareholders are advised that the company will be
reporting a loss for the six months ended 31 August 2015 compared to the earnings per
share and headline earnings per share for the prior six months ended 31 August 2014 as
well as the year ended 28 February 2015 as follows:

                                28 February 2015     31 August 2015         % change
Earnings per share                           0,59              -1,00          -269,4%
headline earnings per share                  0,61              -1,00          -263.9%
                                  31 August 2014     31 August 2015         % change
Earnings per share                           2,33              -0,01          -100,4%
headline earnings per share                  1,32              -1,00          -175,7%


The Company expects to publish its reviewed results on Monday, 14 December 2015.

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

Johannesburg
11 December 2015

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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