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Short-Form Announcement Audited Results for the Year Ended 31 May 2023
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
AUDITED RESULTS FOR THE YEAR ENDED 31 MAY 2023
Salient Features
Shareholders are reminded that the Company changed its year end from 31 August 2021 to 31 May
2022 and so the comparative period is for the nine months ended 31 May 2022 ("Comparable
Period").
Extracted from the audited annual financial statements:
Year 9 months
ended Ended
31 May 31 May
2023 2022 Difference Percentage
Audited Audited
Revenue R' 000 49 534 23 043 26 491 114,96%
Total comprehensive loss R' 000 (86 732) (36 970) (49 762) 134.60%
Loss per share cents (14.25) (7.0) (7.25) 103.57%
Headline loss per share cents (7.14) (7.0) (0.14) 2.0%
Net asset value per share cents 1.58 15.4 (13.82) 89.74%
Short-Form Announcement
The short-form announcement is the responsibility of the directors. It is only a summary of the
information contained in the audited Annual Financial Statements for the year ended 31 May 2023
("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/2024/JSE/ISSE/LAB/LABIR23.pdf
Audit Opinion
The audited annual financial statements for the year ended 31 May 2023 have been audited by
Khumalo Xaba Xulu (KXX). The auditors' opinion is unmodified and is set out below:
"In our opinion, the consolidated and separate financial statements present fairly, in all material
respects, the consolidated and separate financial position of Labat Africa Limited as at 31 May 2023,
and its consolidated and separate financial performance and consolidated and separate cash flows
for the period then ended in accordance with International Financial Reporting Standards and the
requirements of the Companies Act of South Africa.
The Auditor's Opinion does not necessarily report on all of the information contained in this
announcement. Shareholders are therefore advised that in order to obtain a full understanding of
the nature of the Auditor's engagement, they should obtain a copy of the Auditor's Report together
with the accompanying annual financial statements from the company's registered office.
Copies of the annual financial statements 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 of Directors.
B G van Rooyen DJ O'Neill
Chief Executive Officer Financial Director
Johannesburg
10 December 2024
Directors:
BG van Rooyen*, DJ O'Neill*, RM Majiedt^, R Rustum^, BA Penny^ SE van Rooyen*
Executive*, Independent non-executive^
Company Secretary: A Van Rooyen
Registered Address: 23 Kroton Avenue, Weltevreden Park, 1709
Sponsor: Vunani Sponsors Proprietary Limited
Transfer Secretary: Computershare Investor Services Proprietary Limited
Date: 10-12-2024 03:50:00
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