CMO - Trading Statement

CHROMETCO LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 2002/026265/06)

Share code: CMO

ISIN: ZAE000070249

("the Company")

 

 

 

TRADING STATEMENT

 

 

 

In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the financial period to be reported on next will vary by 20% or more from those of the previous corresponding period.

 

Shareholders are advised that for the year ended 28 February 2018, basic loss per share is expected to be 30.13% higher than that for the year ended 28 February 2017 at -9.58 cents per share, compared to the basic loss per share of -7.36 cents per share for the year ended 28 February 2017.

 

Headline loss per share is are expected to be 78.81% lower than that for the year ended 28 February 2018 at -1.56 cents per share, compared to the headline loss per share of -7.36 cents per share for the year ended 28 February 2017.

The financial information on which this updated trading statement is based has not been reviewed or reported on by the Company’s auditors.

 

The Company’s results for the year ended 28 February 2018 are expected to be published on SENS on or about [date] May 2018.

 

 

Johannesburg

24 May 2018

 

Designated Adviser

PSG Capital