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Trading statement
CHOPPIES ENTERPRISES LIMITED
(Incorporated in the Republic of Botswana)
Registration number: BW00001142508
BSE SHARE CODE: CHOP-EQO
JSE SHARE CODE: CHP
ISIN: BW0000001072
("Choppies" or "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 on next 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 12 months ended 30 June 2024 ("FY2024"). Profit after tax
from continuing operations is expected to grow in the range between positive 13% to 3%. Proft after tax from
continuing operations, excluding the loss-making Zimbabwe segment, expected range is between positive 26% to 16%
growth.
FY2023 per share information is based on a lower weighted average number of shares than in FY2024 due to the June
2023 rights issue. As a result, per share earnings shows a significant reduction. The profit after tax from continuing
operations expected range is reflective of our true performance.
The Kamoso general merchandise business, Kamoso South African liquor business and Kamoso Mediland business
were discontinued during the reporting period. Choppies Zimbabwe is included in the continuing operations results.
Choppies expects the FY2024 financial results to be within the following ranges: -
FY2024 FY2024 FY2023
Expected Expected As
range (%) range reported
Profit after tax - BWP Millions
Total operations including discontinued (1%) - (11%) 146 - 131 147
Continuing operations 13% - 3% 166 - 151 147
Earnings per share – thebe
Total operations including discontinued (25%) - (35%) 8.2 - 7.1 10.9
Continuing operations (14%) - (24%) 9.4 - 8.3 10.9
Headlines earnings per share – thebe
Total operations including discontinued (28%) - (38%) 8.0 – 6.9 11.1
Continuing operations (16%) - (26%) 9.3 – 8.2 11.1
The estimated financial information on which this trading statement is based has not been reviewed nor reported on
by the Company'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 FY2024
financial results on or about 27th September 2024.
The Company's primary listing is on the BSE and its secondary listing is on the JSE.
18th September 2024
BSE Sponsoring Broker JSE Sponsor
Motswedi Securities (Pty) Ltd PSG Capital
Date: 18-09-2024 12:30:00
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