BRIEF-eXtract Group reports revenue of 5.14 bln rands for 12-month period ended June 30

  • Reuters
  • Stock Market News
BRIEF-eXtract Group reports revenue of 5.14 bln rands for 12-month period ended June 30
Credit: © Reuters.

Sept 28 (Reuters) - Extract Group Ltd EXGJ.J :

* BOARD OF DIRECTORS HAS NOT DECLARED A DIVIDEND GIVEN GROUP'S PERFORMANCE AND CHANGE IN STRATEGY

* EXTRACT GROUP - DECISION WAS MADE TO EXIT OR NOT RENEW ANY OF GROUP'S REMAINING PROFITABLE CONTRACTS AFTER STRATEGIC REVIEW

* EXTRACT GROUP LTD - TERMINATION OF ALL MINING CONTRACTS WITH ONLY TWO REMAINING OPERATIONAL CONTRACTS EXPECTED TO END IN NOVEMBER 2017

* EXTRACT GROUP LTD - THARISA ASSET SALE CONCLUDED, FUNDS OF R278 MILLION TO FLOW ON 5 OCTOBER 2017

* EXTRACT GROUP LTD - REVENUE FOR 12 MONTHS ENDED JUNE 30 WAS 5.14 BILLION RAND VERSUS 9.53 BILLION RAND

* EXTRACT GROUP LTD - PRETAX LOSS FOR 12 MONTHS ENDED JUNE 30 WAS 1.91 BILLION RAND VERSUS LOSS OF 2.26 BILLION RAND

* EXTRACT GROUP LTD - NET ASSET VALUE POST CONVERSION OF DEBT WILL BE POSITIVE R402 MILLION AT 30 JUNE 2017

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