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LABAT AFRICA LIMITED - Updated trading statement

Release Date: 30/11/2016 17:05
Code(s): LAB     PDF:  
Wrap Text
Updated 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


UPDATED 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 statement.

Pursuant to the further trading statement published on 29 November 2016, an
amendment has been made to “Other Income”. Accordingly it is expected that the
company will report earnings and headline earnings of 0.14 cents per share for the year
ended 31 August 2016 compared to a loss and headline loss of 1.00 cent per share for
the Comparative Period, representing an improvement of 113%.

The financial information contained in this trading statement has not been reviewed or
reported on by the Company’s auditors.

Johannesburg
30 November 2016

Sponsor
Arbor Capital Sponsors Proprietary Limited

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