BRIEF-Bowler Metcalf says "critically appraising" continued involvement in beverages business

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BRIEF-Bowler Metcalf says "critically appraising" continued involvement in beverages business
Credit: © Reuters.

Sept 29 (Reuters) - Bowler Metcalf Ltd BCFJ.J

* FINAL GROSS CASH DIVIDEND, AS DEFINED BY INCOME TAX ACT, OF 22.7 CENTS PER SHARE ("CPS") FOR YEAR ENDED 30 JUNE 2017 (2016: 18.4 CPS) HAS BEEN DECLARED

* ECONOMIC REALITIES OF SOUTH AFRICA DEMAND A FOCUSSED MANAGEMENT APPROACH

* MANAGEMENT IS CRITICALLY APPRAISING ITS CONTINUED INVOLVEMENT IN BEVERAGES BUSINESS

* BOWLER METCALF- SOFTBEV HAS BEEN CAUSE FOR MUCH SPECULATION. ECONOMIC REALITIES DAMPENED MERGER PROJECTIONS THEREFORE SLOWING PROGRESS, PARTICULARLY IN GAUTENG MARKET

* FY REVENUE 580,7 MILLION RAND VERSUS 499,4 MILLION RAND

* FY LOSS PER SHARE FROM CONTINUING OPERATIONS 1,29 CENTS VERSUS PROFIT PER SHARE OF 88,86 CENTS

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