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LABAT AFRICA LIMITED - Unaudited Interim Results for the Six Months Ended 28 February 2022

Release Date: 31/05/2022 12:10
Code(s): LAB     PDF:  
Wrap Text
Unaudited Interim Results for the Six Months Ended 28 February 2022

LABAT AFRICA LIMITED
Incorporated in the Republic of South Africa
(Registration number 1986/001616/06)
JSE code: LAB ISIN: ZAE000018354
LEI number: LEI9845000R73DF5EE41J88
(“Labat” or “The company” or “the Group”)

SHORT-FORM ANNOUNCEMENT
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 28 FEBRUARY 2022

Salient Features
Extracted from the unaudited condensed consolidated financial statements:

                                              6 Months          6 months
                                                 ended             Ended
                                           28 February       28 February
                                                  2022              2021    Difference     Percentage
                                             Unaudited          Reviewed
 Revenue                       R' 000           20 175            21 403        (1 228)         (5.7%)
 Operating (loss)              R' 000         (24 887)           (18 106)       (6 781)         37.4%
 (Loss)/Headline (loss) per
 share                        cents              (4.3)              (4.5)          0.2           4.4%
 Net Asset Value Per Share    cents              21.1               17.0           4.1          24.1%

Short-Form Announcement
The short-form announcement is the responsibility of the directors. It is only a summary of the
information contained in the Unaudited Condensed Consolidated Financial Results for the six months
ended 28 February 2022 (“Full announcement”) and does not contain full or complete details. Any
investment decisions by investors and/or shareholders should be based on a consideration of the full
announcement which is available on the Company’s website www.labat.co.za or can be accessed
via the following link:

https://senspdf.jse.co.za/documents/2022/JSE/ISSE/LAB/LABIR22.pdf

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 Executive Officer                                                          Financial Director

Johannesburg
31 May 2022

Directors:
BG van Rooyen*, DJ O’Neill*, GRI Walters*, RM Majiedt^, R Rustum^, BA Penny^ SE van Rooyen*
Executive*, Independent non-executive^
Company Secretary: Light Consulting Proprietary Limited
Registered Address: 23 Kroton Avenue, Weltevreden Park, 1709
Sponsor: AcaciaCap Advisors Proprietary Limited
Transfer Secretary: Computershare Investor Services Proprietary Limited

Date: 31-05-2022 12:10:00
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