LAB 201712080029A
Trading statement
LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(?Labat? or ?the Company?)
ISIN Code: ZAE 000018354 Share code: LAB
TRADING STATEMENT FOR THE YEAR ENDED 31 AUGUST 2017
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg Stock
Exchange, listed companies are required to publish a trading statement as soon as they
become reasonably certain that the financial results for the next period to be reported
on will be more than 20% different from those of the previous corresponding period or
from a profit forecast previously provided to the market in relation to such period.
The earnings per share (?EPS?) and headline earnings per share (?HEPS?) is expected to
be 1.81 cents per share for the year ended 31 August 2017, which is 44.8% lower than the
HEPS and EPS of 3.28 cents respectively per the audited results for the year ended
31 August 2016. The decline in HEPS and EPS is as primarily a result of the fact that the
comparative period HEPS and EPS included a deferred tax credit of R7.9m relating to tax
losses available for set off against future taxable income.
Shareholders are also advised that the Net Asset Value per share has increased by more
than 80% to 4.73 from 2.59 cents per share.
The financial information, on which this trading statement is based, has not been
reviewed or reported on by the Company?s auditors. The reviewed results for the year
ended 31 August 2017 is expected to be published on or about 12 December 2017.
Johannesburg
8 December 2017
Sponsor
Arbor Capital Sponsors Proprietary Limited
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