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BOWLER METCALF LIMITED - Trading Statement

Release Date: 24/01/2020 15:56
Code(s): BCF     PDF:  
Wrap Text
Trading Statement

BOWLER METCALF LIMITED
(Registration number 1972/005921/06)
Share code: BCF        ISIN number: ZAE000030797
(“Bowler Metcalf” or “the Company”)




TRADING STATEMENT


In terms of rule 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required
to publish a trading statement as soon as a reasonable degree of certainty exists that the financial
results for the next reporting period to be reported on will differ by at least 20% from those of the
previous corresponding period.

Shareholders are advised that the company’s interim financial results for the six months to
31 December 2019 are expected to show a decline compared to the corresponding period, as
that period included profit on the disposal of the associate, SoftBev Proprietary Limited (“SoftBev”).

Accordingly, the Company’s earnings per share for the interim period ended 31 December 2019 is
expected to be between 49.2 and 57.8 cents, being between 73.0% and 77.0% lower compared
to earnings per share of 214.3 cents for the six months ended 31 December 2018.

Due to the restored trading results following last year’s industrial strike, the Company’s headline
earnings per share for the six months ended 31 December 2019 is expected to be between 49.2
and 57.8 cents, being between 9.8% and 28.8% higher compared to headline earnings per share
of 44.9 cents for the six months ended 31 December 2018.

The information on which this announcement has been based has not been reviewed or reported
on by the group’s auditors.

Cape Town
24 January 2020


Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 24-01-2020 03:56:00
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