|Name of Issuer||TWK Investments Limited|
|Country of Incorporation||ZA|
TWK Investments Limited - Trading Statement
Shareholders of TWK Investments Limited (“TWK”) are hereby advised that a reasonable degree of certainty exists that the profit after tax for the six months ended on 29 February 2020 will be materially lower than for the previous comparable period.
The decrease in total volume of timber marketed and challenging trading conditions in the Motors and Tyres segment contributed to the decrease in profit after tax which is expected to be between 40% and 45% lower, with basic earnings per share also expected to be between 40.0% to 45.0% lower than the previous comparable period.
TWK will publish its financial results for the six months ended 29 February 2020 on 8 April 2020. Please refer to TWKs’ website here
By order of the Board of Directors.
1 April 2020