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

TRANS HEX GROUP LIMITED - Trading statement

Release Date: 15/06/2017 15:10
Code(s): TSX     PDF:  
Wrap Text
Trading statement

TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1963/007579/06
Share code: TSX
ISIN: ZAE000018552
(“Trans Hex” or the “Group” or the “Company”)

TRADING STATEMENT

Trans Hex is currently finalising its results for the 12 months ended 31 March 2017 (“Results”), which
are expected to be released on SENS on or about 20 June 2017.

Results in this trading statement are compared with results for the 12 months ended 31 March 2016
(“Previous Corresponding Period”).

The Group expects to report:

-   loss per share of 173,5 cents compared to a loss per share of 94,4 cents in the Previous
    Corresponding Period, representing an increase of 83,79%; and
-   headline loss per share of 114,6 cents compared to a headline loss per share of 56,9 cents in the
    Previous Corresponding Period.

COMMENTS

The following salient points will be fully reported upon when the Group releases its Results:

-   Group net loss amounted to R182,6 million (2016: loss of R100,8 million).
-   Sales revenue from the wholly owned South African operations decreased by 19,5% compared to
    the Previous Corresponding Period to R540,2 million (2016: R671,4 million).
-   Gross loss from South African land operations amounted to R91,5 million (2016: loss of
    R6,8 million).
-   Impairment charges in respect of the Lower Orange River operations amounted to R27,4 million
    (2016: R55,1 million).
-   Equity accounting loss from West Coast Resources (Pty) Ltd amounted to R71,3 million (2016: loss
    of R13,6 million), including the Group’s share of an impairment charge to mining rights after tax of
    R43,4 million.
-   Equity accounting profit from Somiluana Mine in Angola amounted to R52,3 million (2016: loss of
    R15,8 million).
-   The Group’s net cash position at the end of the year was R225,4 million (2016: R353,5 million).
-   Net asset value per share amounted to 337,0 cents (2016: 506,0 cents).

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

Cape Town
15 June 2017

Sponsor
One Capital

Date: 15/06/2017 03:10:00 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