CMO - Updated Trading Statement
CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/026265/06)
Share code: CMO
ISIN: ZAE007020249
("Chrometco" or "the Company")
UPDATED TRADING STATEMENT
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that there is a reasonable degree of certainty that the financial results for the next reporting period will differ by more than 20% from those of the previous corresponding period.
Loss and diluted loss per share for the year ended 28 February 2019 is expected to be 79% lower at -2.05 cents per share than the loss per share of -9.58 cents reported for the previous corresponding period.
Headline loss per share for the year ended 28 February 2019 is expected to be 19% higher at -1.86 cents per share than the headline loss per share of -1.56 cents reported for the previous corresponding period.
The above information has not been reviewed or reported on by the company’s external auditors. It is anticipated that the results for the year ended 28 February 2019 are to be published on SENS on or about 31 May 2019.
Johannesburg
31 May 2019
Designated Advisor
PSG Capital