REIZ | Trading Statement

In accordance with the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the Shareholders of Real Estate Investments Zambia PLC (“the Company”) that for the six-month period ended 30 June 2018, the earnings per share (“EPS”) is expected to be 50% lower than the earnings per share for the six-month period ended 30 June 2017.

The movement in earnings is primarily attributed to a temporary reduction in rental revenue from Arcades shopping mall due to the impact of once-off rental remissions granted to tenants at the mall as a goodwill and gratuitous gesture for staying committed to the mall during the redevelopment period.

Shareholders are advised that the information contained in this trading statement has not been reviewed or reported on by the external auditors of the Company.

The Company expects its results for the six-month period ended 30 June 2018 to be released on SENS and published in the local press on or about 11 September 2018. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s Securities until publication of the results.

Issued in Lusaka, Zambia on 11 September 2018

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

Issued in Lusaka, Zambia on 11 September 2018

2018-09-12T10:43:31+00:00September 12th, 2018|Corporate Announcements|0 Comments

Leave A Comment

16 − two =