CIL – further trading statement

Shareholders are referred to the trading statement published on SENS on 18 May 2018 (“trading statement”), in which it was indicated that the company’s headline loss per share for the six months ended 28 February 2018 was anticipated to be a loss of between 411 cents to 422 cents per share compared to the headline earnings of 111.1 cents per share for the six months ended 28 February 2017.

In determining headline earnings attributable to ordinary shareholders in the trading statement, the impairment in the carrying value of the investment in joint arrangement was not excluded. Shareholders are now advised that the headline loss per share for the six months ended 28 February 2018 is anticipated to be a loss of 341.7 cents per share, being 407.56% lower than the headline earnings per share for the six months ended 28 February 2017.

The loss per share and net asset value per share for the six months ended 28 February 2018 is expected to be within the range indicated in the trading statement.

The unaudited consolidated interim results for the six months ended 28 February 2018 will be published later today.

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