In terms of the Listings Requirements of the JSE Limited, 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 20% from those of the previous corresponding period.
Shareholders are hereby advised that a reasonable degree of certainty exists that the Company expects to report a loss and headline loss per share of between 13.88 cents per share and 15.06 cents per share for the six months ended 30 June 2019 compared to a loss and headline loss per share of 11.85 cents for the six months ended 30 June 2018, being an increase in the loss per share of between 17.11% and 27.11% per share.
The reason for the increase in the loss and headline loss per share in the current reporting period is mainly a result of an increase in legal and consulting fees.
The information contained in this trading statement has not been reviewed or reported on by the Company’s external auditors. R&E expects to release its financial results for the six months ended 30 June 2019 on or about 23 August 2019.
08 August 2019