Global final results November 2018

Revenue from continuing operations for the year increased to R3.3 million (2017: R482 977), operating loss widened to R13 million (2017: loss of R2.9 million), loss attributable to equity holders of the parent from continuing operations soared to R7.9 million (2017: loss of R420 263), while headline loss per share from continuing operations lowered to 5.7 cents per share (2017: headline loss of 5.9 cents per share).

The Company did not declare a dividend for the year ended 30 November 2018 (2017: R Nil).

Company prospects
The Global Group will continue to establish its renewable energy businesses at an accelerated pace, once the above mentioned funding initiatives are finalised. Following the commissioning of the second waste tyre recycling plant, the main focus will be on the construction and commissioning of the commercial waste plastic recycling facility.

The Board believes that the Group has excellent prospects to significantly expand its operations over the near term. With a renewed worldwide focus on recycling, the management of waste streams and rising energy prices, Global is well placed to exploit attractive opportunities, also internationally.

2019-03-13 13:48:32