In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the next period to be reported on will differ by more than 20% from that of the previous corresponding period.
Accordingly, a review of the financial results for period ended 31 August 2020 by the Company has indicated a significant reduction in costs, the loss per share and headline loss per share is expected to be between 26.42 cents and 19.38 cents, reflecting a decrease in the loss per share and headline loss per share of between 45.02% and 25.02% compared to the loss per share and headline loss per share of 35.24 cents for the period ended 31 August 2019.
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