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Trading statement - financial year ended 30 June 2016
Choppies Enterprises Limited
(Registration number 2004/1681)
JSE share code: CHP
BSE share code: CHOPPIES
ISIN: BW0000001072
Tax reference number: C08710401018
("Choppies" or the "Company")
TRADING STATEMENT – FINANCIAL YEAR ENDED 30 JUNE 2016
Choppies is currently finalising its results for the year ended 30 June 2016 ("the period"), which are
expected to be released on the Stock Exchange News Service on 20 September 2016.
Shareholders are advised that earnings per share ("EPS") for the period is expected to be between
7.59 and 10.73 Thebe, a reduction of between 32% and 52% when compared to the EPS reported for
the year ended 30 June 2015 (15.7 Thebe). The Company’s performance was affected by the pre-
operative expenses of Zambian operations, pre-operative and acquisition expenses for Kenya store
roll out, new acquisition expenditure and challenging trading conditions in South Africa, liquidity
issues and few bad month’s trading in Zimbabwe.
The financial information on which this trading statement is based has not been reviewed and
reported on by the auditors.
Ramachandran Ottapathu
Chief Executive Officer
25 August 2016
The Company's primary listing is on the Botswana Stock Exchange and its secondary listing is on the
Johannesburg Stock Exchange.
BSE Sponsoring Broker
African Alliance Botswana Limited
JSE Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/08/2016 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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