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

CHOPPIES ENTERPRISES LIMITED - Trading Statement

Release Date: 10/03/2021 07:06
Code(s): CHP     PDF:  
Wrap Text
Trading Statement

CHOPPIES ENTERPRISES LIMITED
(Incorporated in the Republic of Botswana)
Registration number: BW00001142508
JSE SHARE CODE: CHP
BSE SHARE CODE: CHOPPIES
ISIN: BW0000001072
(“Choppies” or “the Company”)


TRADING STATEMENT


In terms of the Listings Requirements of the Botswana Stock Exchange (“BSE”) and the JSE Limited (“JSE”),
companies are required to publish a trading statement as soon as they become reasonably certain that the financial
results for the period to be reported next on will differ by more than 10% (in the case of the BSE) or more than 20% (in
the case of the JSE) from the financial results reported for the previous corresponding period.

Choppies is currently finalising its financial results for the 6 months ended 31 December 2020 (“HY2021”) and expects
the consolidated Profit after Tax including discontinued operations for the period HY2021 to be approximately between
117% to 137% (BWP 23.8 million to BWP 51.6 million) better than the Loss after Tax of BWP 139.1 million reported
for the period HY2020. The Profit before Tax for continuing operations for the period HY2021 is expected to be
approximately between 1% and 10% lower (BWP 84.8 million and BWP 93.3 million) than the Profit before Tax of BWP
94.2 million reported for the period HY2020, hence there is no material impact on the Profit before Tax for continuing
operations.

The HY2021 financial results fall within the following Thebe per share ranges: -

                                                                                         HY2021           HY2020

                                                                                                            As
                                                                                     Expected range      reported -
                                                                                       - Thebe per       Thebe per
                                                                                          share            share

 Basic earnings per share                                                                4.3 - 2.4          (9.5)

   Continuing operations                                                                 4.5 - 5.5           5.2

 Headline Earnings per share                                                             5.1 - 3.3          (9.3)

   Continuing operations                                                                 4.3 - 5.4           5.4


The estimated financial information on which this trading statement is based has not been reviewed nor reported on
by the Group’s external auditors.

Accordingly, shareholders are advised to exercise caution when trading in the Company’s securities until such time as
the actual results are released. The Company expects to release its HY2021 financial results on or about 18 March
2021.

The Company’s primary listing is on the BSE and its secondary listing is on the JSE.

By order of the Board
10 March 2021

BSEL Sponsoring Broker                                                    JSE Sponsor
Stockbrokers Botswana Limited                                             PSG Capital

Date: 10-03-2021 07:06:00
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.

Share This Story