| Tue 7 Nov 2017, 13:40 | | TRANS HEX GROUP LIMITED - Trading statement |
|
TSX 201711070042A
Trading statement
TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1963/007579/06
Share code: TSX
ISIN: ZAE000018552
(“Trans Hex” or the “Company” or the “Group”)
TRADING STATEMENT
Trans Hex is currently finalising its results for the interim period ended 30 September 2017 (“Results”),
which are expected to be released on SENS on or about 9 November 2017.
Results in this trading statement are compared with results for the interim period ended
30 September 2016 (“Previous Corresponding Period”).
The Group expects to report:
- a loss per share of 188,4 cents compared to earnings per share of 31,8 cents in the Previous
Corresponding Period; and
- headline loss per share of 195,1 cents compared to headline earnings per share of 31,4 cents in
the Previous Corresponding Period.
COMMENTS
The following salient points will be fully reported upon when the Group releases its Results:
- Group net loss amounted to R199,2 million (2016: profit of R32,5 million).
- Sales revenue from the wholly owned South African operations decreased by 45,6% to
R149,7 million (2016: R275,3 million).
- Cost of goods sold amounted to R340,7 million (2016: R261,4 million), including retrenchment costs
of R111,4 million at the Lower Orange River operations.
- Gross loss from South African land operations amounted to R191,0 million (2016: profit of
R13,9 million).
- Equity accounting loss from West Coast Resources (Pty) Ltd amounted to R13,1 million (2016: loss
of R9,0 million).
- Equity accounting profit from Somiluana Mine in Angola amounted to R18,7 million
(2016: profit of R34,2 million).
- The Group’s net cash position at the end of the period was R41,3 million (2016: R322,4 million).
- Net asset value per share amounted to 142,0 cents (2016: 540,0 cents).
The financial information on which this trading statement is based has not been reviewed and reported
on by the Company’s auditors.
Cape Town
7 November 2017
Sponsor
One Capital
Date: 07/11/2017 01:40:00 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.
