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CHOPPIES ENTERPRISES LIMITED - Trading statement

Release Date: 21/02/2024 15:00
Code(s): CHP     PDF:  
Wrap Text
Trading statement

CHOPPIES ENTERPRISES LIMITED
(Incorporated in the Republic of Botswana)
Registration number: BW00001142508
JSE SHARE CODE: CHP
BSE SHARE CODE: CHOP-EQO
ISIN: BW0000001072
("Choppies" or "Company")

TRADING STATEMENT

In terms of the Listings Requirements of the Botswana Stock Exchange ("BSE") and the JSE Limited ("JSE"), companies
are required to publish a trading statement as soon as they become reasonably certain that the financial results for
the period to be reported on next will differ by more than 10% (in the case of the BSE) or more than 20% (in the case
of the JSE) from the financial results reported for the previous corresponding period.

Choppies is currently finalising its financial results for the 6 months ended 31 December 2023 ("HY2023") and expects
the HY2023 financial results to fall within the following ranges: -

                                                                      HY2023             HY2023            HY2022
                                                              Expected range     Expected range       As reported
 Profit after tax                                                        (%)     (BWP Millions)     (BWP Millions)

 Profit after tax - total operations                               32% - 22%            94 - 87                71
 Profit after tax - continuing operations                          46% - 36%           104 - 97                71

                                                                                 Expected range       As reported
                                                              Expected range         (thebe per        (thebe per
 Earnings per share1                                                     (%)            share)1           share)1
 Basic earnings per share - total operations                    (2%) - (12%)          5.2 - 4.7               5.3
 Basic earnings per share - continuing
 operations                                                        6% – (4%)          5.6 - 5.1               5.3

 Headline earnings per share - total
 operations                                                       4% – (-6%)          5.4 - 4.9               5.2
 Headline earnings per share - continuing
 operations                                                        7% - (3%)          5.5 – 5.0               5.2

 (1)
   The previous corresponding period's earnings have been restated to account for the adjusted weighted
 average number of shares as a result of the rights offer completed during June 2023.

The estimated financial information on which this trading statement is based, has not been reviewed nor reported on
by the Company's external auditors. Accordingly, shareholders are advised to exercise caution when trading in the
Company's securities until such time as the actual results for HY2023 are released. The Company expects to release
its HY2023 financial results on or about 29 February 2024.

The Company's primary listing is on the BSE and its secondary listing is on the JSE.

21 February 2024

BSE Sponsoring Broker                                                     JSE Sponsor
Stockbrokers Botswana Limited                                             PSG Capital

Date: 21-02-2024 03:00:00
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