| Tue 31 Dec 2019, 12:44 | | LABAT AFRICA LIMITED - LAB : REVIEWED PROVISIONAL CONDENSED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 AUGUST 2019 |
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LAB : REVIEWED PROVISIONAL CONDENSED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 AUGUST 2019: https://senspdf.jse.co.za/documents/2019/jse/isse/lab/LABFYE19.pdf
REVIEWED PROVISIONAL CONDENSED CONSOLIDATED FINANCIAL RESULTS
FOR THE YEAR ENDED 31 AUGUST 2019
LABAT AFRICA LIMITED
Incorporated in the Republic of South Africa
(Registration number 1986/001616/06)
JSE code: LAB ISIN: ZAE000018354
("Labat" or "the Group")
SHORT-FORM ANNOUNCEMENT: REVIEWED CONSOLIDATED RESULTS FOR THE YEAR ENDED
31 AUGUST 2019
Salient Features
Extracted from the reviewed condensed consolidated financial statements:
31 August 2019 31 August 2018 Difference
Revenue R' 000s 614 035 73 347 737%
Operating (Loss) / Profit R' 000s -63 840 23 - 277 665%
Headline earnings per share cents -7.57 4.86 -256%
Earnings per share cents -24.71 4.86 -608%
Net Asset Value Per Share cents -11.38 9.59 -219%
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
(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/2019/JSE/ISSE/LAB/LABFYE19.pdf
The results were reviewed by Nexia SAB&T who expressed an unmodified review opinion on the
results for the year ended 31 August 2019. However, the review opinion did include an emphasis
of matter drawing attention to the going concern paragraph in the full announcement. The full
announcement, incorporating the emphasis of matter paragraph and going concern
commentary, and the auditor's review opinion are available on the Company's website as
detailed above.
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.
For and on behalf of the board.
B G van Rooyen GRI Walters
Chief Excutive Officer Financial Director
Johannesburg
31 December 2019
Directors:
BG van Rooyen*, DJ O'Neill*, NS Mogapi*, GRI Walters*, RM Majiedt^, R Rustum^, BA Penny^
Executive*, Independent non-executive^
Company Secretary: Arbor Capital Company Secretarial Proprietary Limited
Registered Address: 23 Kroton Avenue, Weltevreden Park, 1709
Sponsor: Arbor Capital Sponsors Proprietary Limited
Transfer Secretary: Computershare Investor Services Proprietary Limited
Date: 31-12-2019 12:44:00
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