Union interim results February 2019
Operating loss narrowed to R2.9 million (loss of R3.7 million) whilst loss from continuing operations also improved to R2.8 million (loss of R3.7 million). In addition, headline loss per share came in at 0.22cps (headline loss per share of 0.29cps).
While we expect market and operating conditions in the coming year to remain challenging as sentiment and policies change, management remains confident that we will be able to deliver on our strategy initiated in February 2017. We would like to thank our fellow board members and shareholders for their continued support and look forward to unsuspending the Company share (JSE: UAT) in the coming months and refinancing the Company in the near future for it to be able to meet the new growth strategy.