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Trading Statement for the year ended 31 August 2019
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
TRADING STATEMENT FOR THE YEAR ENDED 31 AUGUST 2019
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.
The loss per share and headline loss per share is expected to reflect a loss of (24.51) cents
and (7.57) cents respectively for the year ended 31 August 2019, which is more than 100%
lower than the earnings and headline earning of 4.86 cents per share per the audited
results for the year ended 31 August 2018.
The decrease is primarily as a result of the impairment of the Force Fuel acquisition in the
current financial year, the continuing reduced operating margins within the wholesale fuel
industry and certain once off costs incurred in relation to the Force Fuel acquisition.
The financial information, on which this trading statement is based, has not been reviewed
by the Company’s auditors.
The results for the year ended 31 August 2019 is expected to be published on or about
31 December 2019.
Johannesburg
27 December 2019
Sponsor
Arbor Capital Sponsors Proprietary Limited
Date: 27-12-2019 02:16:00
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