Meikles Ld Trading Update
September 12 2018 - 4:07AM
UK Regulatory
TIDMMIK
MEIKLES LIMITED
NOTICE TO SHAREHOLDERS
Audited financial results for the year ended 31 March 2018 were delayed as it
was believed finalisation of the settlement agreement with Government was to be
concluded before the end of August 2018. Regrettably, the Company is unable to
include the amount due from Government in the financial statements for the
financial year ended 31 March 2018. The audited financial statements are now
being finalised and will be published within two weeks.
Government has committed itself to pay the amount due to the Company and
finalisation of the settlement agreement is under way.
Shareholders are advised that short term loans from local banks are to be
converted to long term loans. The process is expected to be complete by the
end of December 2018.
TRADING UPDATE
Financial performance for the first three months of the financial year to 31
March 2019 reflects a growth in turnover of 21 percent, an improvement in
EBITDA of 86 percent and an increase in profit before taxation of 321%.
T MPOFU
COMPANY SECRETARY
12 September 2018
END
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