Labat Africa has issued a trading update indicating that its losses worsened in the year to February.
The headline loss per share, which was 7.1c for the year to February 2004, is to increase by between 11c and 12.5c.
The group also says its basic loss per share - 7.4c for the 2004 financial year - is expected to deepen by between 26.6c and 28.1c.
The group`s share has been under suspension since July, the result of the company failing to comply with JSE regulations by not publishing its figures within three months of the end of the trading period.
The results should have been issued by the end of May, but they were originally delayed because Labat had to restate its results for the 2004 financial year to comply with generally accepted accounting practice (GAAP).
Labat completed the restatement of the 2004 annual financial statements and announced on 4 July that it had submitted them to the JSE for review.
Later it said the JSE`s review was taking longer than expected. The results would be published once the JSE has finished its review and been advised by the GAAP Monitoring Panel that Labat has addressed "the areas of concern".
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