LABAT AFRICA LIMITED - Trading Statement for the year ended 31 August 2021

Trading Statement for the year ended 31 August 2021

LABAT AFRICA LIMITED
Incorporated in the Republic of South Africa
(Registration number 1986/001616/06)
JSE code: LAB ISIN: ZAE000018354
(“Labat” or “the Company” or “the Group”)
FSE code: LEI 9845000R73DF5EE41J88


TRADING STATEMENT FOR THE YEAR ENDED 31 AUGUST 2021



In terms of paragraph 3.4(b) of the Johannesburg Stock Exchange’s Listing Requirements, a listed
company is required to publish a trading statement as soon as it is satisfied that a reasonable degree
of certainty exists that the financial results for the period to be reported upon next will differ, by at
least 20%, from those of the previous corresponding period.

Shareholders are reminded that in Labat’s 2020 financial year, as a result of the disposal of Force Fuel
Proprietary Limited and Force Fuel Properties Proprietary Limited (“Fuel Business”), which business is
currently under Business Rescue, the results of the Fuel Business were deconsolidated in accordance
with IFRS5. These results were accounted for under discontinued operations.

The continuing operations comprise the technology business through SAMES, the bulk logistics
business and the Healthcare business.

The basic loss per share (“EPS”) for the year ended 31 August 2021 of (5.7) cents per share compared
to earnings of 3.1 cents per share for the previous year, resulted in a decline of 285%. The positive
earnings per share for the previous year ended 31 August 2020 were attributed to discontinued
operations. The loss per share from continuing operations reflected an improvement from the prior
year.

The Headline Loss per share for the year ended 31 August 2021 is expected to be (6.5) cents per
share, compared to the headline loss per share of (12.3) cents per share for the year ended 31 August
2020, eventuating in an improvement by 47.2%. The headline loss per share from continuing
operations reflected an improvement from the prior year.

The below table reflects the breakdown between continued and discontinued operations:

                                                  31 August 2021     31 August 2021        Percentage
Per share information:                                  Reviewed            Audited
Basic earnings/(loss) per share                            (5.7)              3.1            -283.9%
-continuing                                                (5.7)            (16.4)             65.2%
-discontinued                                                 -              19.5            -100.0%
Headline loss per share                                    (6.5)            (12.3)             47.2%
-continuing                                                (6.5)            (15.8)             58.8%
-discontinued                                                 -               3.5            -100.0%

The financial information contained herein has not been reviewed and reported on by the group’s
external auditors.

JOHANNESBURG
30 December 2021
________________________________________________________________________________________________
Sponsor
AcaciaCap Advisors

Date: 30-12-2021 01:24:00
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