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CAFCA LIMITED - Trading Statement

Release Date: 22/02/2016 14:00
Code(s): CAC     PDF:  
Wrap Text
Trading Statement

Cafca Limited
Share Code: CAC
ISIN Code: ZW0009011942

                             TRADING STATEMENT

In terms of the JSE listings requirements, companies are
required to publish a trading statement as soon as they
are satisfied that a reasonable degree of certainty
exists that the financial results for the period to be
reported upon next will differ by at least 20% from those
of the previous corresponding period (HI FY 14/15).

Accordingly, shareholders are advised that:
Basic earnings per share and headline earnings per share
for HI FY 15/16 will be approximately 0.6 US$ cents per
share which is 75% lower than the 2,59US$cents per share
of HI FY 14/15.

Profitability has been adversely affected by the
anticipated 30% drop in turnover from both a drop in
local sales due to lack of liquidity in the market and a
drop in export sales due to foreign exchange shortages
and devaluation in our primary export markets currencies
to the US$.
The financial information on which this statement is
based has not been reviewed and reported on by CAFCA’S
external auditors.



By order of the Board
Harare

22 February 2016


     Directors: H.P. Mkushi (Chairman) R.N. Webster (Managing Director) E.T.Z. Chidzonga
       P. De Villiers G. Eddey A. Mabena S. Mangwengwende G.J.H. Steyn T.A. Taylor

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