TRADING UPDATE

The Equity Listings Requirements of the Botswana Stock Exchange (BSE) compels issuers to announce through the BSE and the press if the variation between its expected Earnings Per Share (EPS), and the previous corresponding period exceeds 10%.

The Board hereby announces that the Group's final EPS for the year ended 31 March 2023 is expected to be approximately 30% to 50% (between 0.54 and 0.90 US cents) lower than the EPS of 1.80 US Cents for the prior year ended 31 March 2022.

The expected decrease in EPS is attributed primarily to foreign currency exchange losses encountered in the regional markets, resulting from the weakening of local currencies against the United States dollar.

Investors are therefore advised to exercise caution when engaging in any transactions involving the securities of Seed Co International Limited.

The financial information on which this trading update is based has not been reviewed or reported on by Seed Co International Limited's Independent Auditors.

By Order of the Board,

E. M. Kalaote

Secretary

23 June 2023

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Seedco International Ltd. published this content on 23 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2023 13:49:04 UTC.