LABAT AFRICA LIMITED - Short Form Announcement: Unaudited Interim Results for the six months ended 29 February 2020

Short Form Announcement: Unaudited Interim Results for the six months ended 29 February 2020

LABAT AFRICA LIMITED
Incorporated in the Republic of South Africa
(Registration number 1986/001616/06)
JSE code: LAB ISIN: ZAE000018354
(“Labat”, “the Group” or “the Company”)

SHORT FORM ANNOUNCEMENT: UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED
29 FEBRUARY 2020


Salient Features
Extracted from the unaudited interim consolidated financial statements:

                                             6 months ended        6 months ended
                                                29 February           28 February
                                                       2020                  2019
                                                  Unaudited             Unaudited          Difference
                                                      R’000                 R’000          Percentage
 Revenue                                            219 490               312 151               (29.7)%
 Operating Profit                                     7 734                   505              1431.4%
 Headline earnings per share                          (3.04)                (1.21)             (151.2)%
 Earnings per share                                    0.70                 (1.21)              157.9%
 Net Asset Value Per Share                            16.76                 12.12                38.3%

Short-Form Announcement
The short-form announcement is the responsibility of the directors and is only a summary of
information in the full announcement which is available on the Company’s website at
http://www.labat.co.za. This announcement does not contain full or complete details and any
investment decisions by investors and/or shareholders should be based on consideration of the
published SENS available on:
https://senspdf.jse.co.za/documents/2020/JSE/ISSE/LAB/LABUIR20.pdf

Copies of the full announcement may be requested from the Company (info@labat.co.za) or
inspected at the registered office and/or the Sponsors’ office, at no charge, during office hours with
prior arrangement until the lock down has been lifted.

For and on behalf of the Board

BG van Rooyen                                                                             GRI Walters
Chief Executive Officer                                                             Financial Director

Johannesburg
30 April 2020

Directors:
BG van Rooyen*, DJ O’Neill*, GRI Walters*, M Stringer*, NS Mogapi^, RM Majiedt^, R Rustum^,
BA Penny^
Executive*, Independent non-executive^

Company Secretary: Arbor Capital Company Secretarial
Registered Address: 23 Kroton Avenue, Weltevreden Park, 1709
Sponsor: Arbor Capital Sponsors
Transfer Secretary: Computershare Investor Services Proprietary Limited

Date: 30-04-2020 04:09:00
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