To view the PDF file, sign up for a MySharenet subscription.

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

Release Date: 28/04/2020 17:31
Code(s): LAB     PDF:  
 
Wrap Text
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                   504               1434.5%
 Headline earnings per share                          (3.04)                (1.75)               (73.7)%
 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
28 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: 28-04-2020 05:31:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story