To view the PDF file, sign up for a MySharenet subscription.

NUTRITIONAL HOLDINGS LIMITED - Further Trading Statement

Release Date: 11/05/2017 16:50
Code(s): NUT     PDF:  
Wrap Text
Further Trading Statement

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

FURTHER TRADING STATEMENT

Further to the trading statement released on SENS on 24 April
2017, shareholders are advised that for the year ended 28 February
2017, loss per share is expected to be between 196.43% and 216.43%
more than that for the year ended 29 February 2016 (“comparative
period”) at between 0.471 and 0.503 cents per share and headline
loss per share is expected to be between 42.57% and 62.57% more
than that for the comparative period at between 0.227 and 0.259
cents (comparative period loss per share and headline loss per
share of 0.159 cents per share).

During the period under review trading conditions remained
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 staple dry food products. This has had a
determental effect on the trading margins achived at Nutritional
Foods. In addition 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

The financial information on which this trading statement is based
has not been reviewed and reported on by the Company’s external
auditors.

The results for the year ended 28 February 2017 are expected to be
released on SENS on or about 31 May 2017.

11 May 2017
Umhlanga

Designated Advisor: PSG Capital Proprietary Limited

Date: 11/05/2017 04:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story