Chobe Holdings Ltd (Botswana) expects HY22 PBT to be between 465-470% higher than year prior

By Published On: October 21st, 2022Categories: Corporate announcement

In terms of the Listings Requirements of the Botswana Stock Exchange (“BSE”), the Company is required to announce through the BSE any circumstances or events that have or are likely to have a material effect on the financial results of the Group for the period to be reported upon next.

Results for the half-year ended 31 August 2022

The Board would like to announce that the Group’s results before tax for the half-year ended 31 August 2022 will likely be between 465 – 470 % (approximately BWP 130.9 million to BWP 132.3 million) higher than that reported for the comparative period ended 31 August 2021 which amounted to a loss of BWP 28.15 million.

The Group will be publishing its unaudited consolidated summarised financial results for the half-year ended 31 August 2022 before 5 November 2022. This will include commentary on the drivers for the improved performance. Accordingly, Shareholders and investors are advised to exercise caution when dealing in the Company’s securities until the results are formally published.

The Board of Directors

Chobe Holdings Limited

20 October 2022

The contents of the post above were obtained from third parties, which We, AfricanFinancials, believe to be reliable. However, We do not guarantee their accuracy and the above information may be in condensed form. The reader is encouraged to refer to the original source of the information, which, in most cases, is in PDF format and on the originating company's letterhead. While We endeavour to replicate the original content accurately, We cannot guarantee the absence of errors in the above article and We disclaim any liability regarding reliance on information provided in this article.