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NUTRITIONAL HOLDINGS LIMITED - Trading Statement

Release Date: 24/04/2017 17:20
Code(s): NUT     PDF:  
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Trading Statement

NUTRITIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/002282/06)
Share code: NUT ISIN: ZAE000156485
(“NUT” OR “THE COMPANY”)

TRADING STATEMENT

In terms of the Listing Requirements of the JSE Limited, a
listed company is required to inform shareholders as soon as
there is a reasonable degree of certainty that the earnings of
the company are likely to vary by more than 20% compared to
the previous reporting period.

Shareholders are hereby advised that the basic loss per share
and headline loss per share attributable to ordinary
shareholders for the year ended 28 February 2017 are expected
to increase by more than 20%, as compared to those reported
for the previous corresponding period.

During the period under review trading conditions in the
staple dry food environment remain extremely challenging with
LSM 3-6 customers bearing the brunt of the high maize price as
well as other bulk raw materials used in the manufacture of
these products.

Furthermore the disposal of the registered dossiers owned by
Impilo Drugs in September 2016 triggered a write down of the
intangible assets in the company of R11.7 million.

A more detailed trading statement will be published in due
course.

The information in this trading statement has neither been
reviewed nor reported on by the Company’s external auditors.

24 April 2017
Umhlanga

Designated Advisor
PSG Capital

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