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BRIMSTONE INVESTMENT CORPORATION LIMITED - Trading statement

Release Date: 27/08/2019 11:50
Code(s): BRT BRN     PDF:  
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Trading statement

Brimstone Investment Corporation Limited
(Registration number 1995/010442/06)
(Incorporated in the Republic of South Africa)
ISIN Number:      ZAE000015277 Share Code: BRT
ISIN Number:      ZAE000015285 Share Code: BRN
(“Brimstone” or the “Company”)

Trading statement

In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon
as they are reasonably certain that the financial results for the current reporting period will be more than 20%
different than that of the prior comparative period.

For the six months ended 30 June 2019, Brimstone expects to report:

    -   a basic loss per share of between 58.5 cents to 70.2 cents, compared to a basic loss per share of 117.7
        cents reported for the six months ended 30 June 2018. This represents a decrease in basic loss per share
        of between 50.3% and 40.4%; and

    -   a basic headline loss per share of between 58.3 cents to 70.0 cents, compared to a basic headline loss per
        share of 118.6 cents reported for the six months ended 30 June 2018. This represents a decrease in basic
        headline loss per share of between 50.8% and 41.0%.

The improved result for the six months ended 30 June 2019 is attributable mainly to the increase in profitability of
Sea Harvest Group Limited and an increase in fair value gains.

Shareholders are advised that the financial information on which this trading statement is based has not been
reviewed or reported on by the Company’s external auditors. Brimstone’s results for the six months ended 30 June
2019 will be released on SENS on or about Monday, 2 September 2019.


27 August 2019
Cape Town

Sponsor
Nedbank Corporate and Investment Banking

Date: 27/08/2019 11:50:00
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