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CAFCA LIMITED - Trading Statement

Release Date: 28/09/2018 11:13
Code(s): CAC     PDF:  
Wrap Text
Trading Statement

Cafca Limited
Share Code: CAC
ISIN Code: ZW0009011942                       

TRADING STATEMENT

CAFCA believes it is good corporate governance to publish
a trading statement if a reasonable degree of certainty
exists that the financial results for the period to be
reported upon next will differ by a meaningful percentage
from those of the previous corresponding period .

Accordingly, shareholders are advised that:
Basic earnings per share and headline earnings per share
for the year ended 30 September 2018 will be
approximately 10.5 US $ cents per share which is above
the 2.21 US $ cents per share of 2017.

Profitability has been improved by strong local demand
and a change in sales mix from aluminium to copper
products. The high level of finished goods brought
forward from the previous year have also contributed and
allowed us to hold our prices throughout the year .
The prior year was adversely affected by a volume
decrease that resulted in break even months until the
cost base was significantly reduced – this cost base has
since been maintained
The financial information on which this statement is
based has not been reviewed and reported on by CAFCA’S
external auditors.
Shareholders are therefore advised to exercise caution in
the trading of their CAFCA shares and to be aware that a
Dividend has been approved by the Directors and this will
be announced shortly.

By order of the Board.

Harare
28 September 2018


     Directors: H.P. Mkushi (Chairman) R.N. Webster (Managing Director) E.T.Z. Chidzonga
       P. De Villiers G. Eddey A. Mabena S. Mangwengwende G.J.H. Steyn T.A. Taylor
Directors: H.P. Mkushi (Chairman) R.N. Webster (Managing Director) E.T.Z. Chidzonga
  P. De Villiers G. Eddey A. Mabena S. Mangwengwende G.J.H. Steyn T.A. Taylor

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