Edition:
India

Choppies Enterprises Ltd (CHPJ.J)

CHPJ.J on Johannesburg Stock Exchange

64.00ZAc
31 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Choppies Enterprises Sees FY Net Income After Tax On Unaudited Basis To Be Lower Than Last Year By P389 Mln
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Choppies Enterprises Ltd ::EXTERNAL AUDITORS RAISED CERTAIN CONCERNS WITH BOARD, IN RESPECT OF AUDIT FOR YEAR ENDED 30 JUNE 2018.IN RELATION TO AUDIT QUERIES, ISSUES UNDERPINNING PWC'S ENQUIRIES HAVE BEEN SUBSTANTIALLY ADDRESSED.EXPECT DETAILED AUDIT WORK IN VARIOUS END-MARKETS TO CONCLUDE DURING MARCH 2019.EXPECTS DETAILED AUDIT WORK IN VARIOUS END-MARKETS TO CONCLUDE DURING MARCH 2019.APPOINTED COMMITTEE OF NON-EXEC DIRECTORS FOR LIAISING WITH FORENSIC TEAM, CONSIDERING OUTCOME OF FORENSIC INVESTIGATION.AS 2018 FINANCIAL RESULTS HAVE NOT BEEN PUBLISHED THIS HAS HAD TIMING IMPACT ON PUBLICATION OF HY RESULTS TO 31 DECEMBER 2018.BOARD CONSIDERING RECOMMENDATIONS AND REMEDIAL ACTIONS PROPOSED IN LEGAL REPORT.LEGAL INVESTIGATION IS EXPECTED TO CLOSE BY END OF APRIL 2019.DURING PERIOD SUBSEQUENT TO 30 JUNE 2018, GROUP FACED CHALLENGING TRADING CONDITIONS IN A NUMBER OF REGIONS.CURRENTLY ESTIMATES, ON UNAUDITED BASIS, THAT FY NET INCOME AFTER TAX WILL BE LOWER THAN LAST YEAR BY P389 MILLION.  Full Article

Choppies Says Director Robert Matthews Tendered Resignation
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Choppies Enterprises Ltd ::JSE: CHP - RESIGNATION OF A DIRECTOR OF THE COMPANY AND CHAIRMAN OF THE AUDIT AND RISK COMMITTEE.CHOPPIES- ROBERT MATTHEWS, DIRECTOR AND CHAIRMAN OF AUDIT AND RISK COMMITTEE, HAS TENDERED HIS RESIGNATION FROM BOTH POSTS, WITH IMMEDIATE EFFECT.CHOPPIES- WILFRED MPAI, DIRECTOR, MEMBER OF AUDIT AND RISK COMMITTEE, IMMEDIATELY ASSUMES CHAIRMANSHIP OF THAT COMMITTEE WITH IMMEDIATE EFFECT.  Full Article

Choppies Enterprises says to purchase 8 Arizona wholesalers and Butcheries stores in Kwazulu-Natal
Friday, 3 Nov 2017 

Nov 3 (Reuters) - CHOPPIES ENTERPRISES LTD ::CHOPPIES ENTERPRISES - ‍CONCLUDED DEAL TO PURCHASE 8 ARIZONA WHOLESALERS AND BUTCHERIES STORES IN KWAZULU-NATAL, AFTER APPROVAL FROM COMPETITION COMMISSION OF SOUTH AFRICA ​.CHOPPIES ENTERPRISES - ‍WILL ACQUIRE ARIZONA AS GOING CONCERN FOR CONSIDERATION OF R100 MILLION AND VALUE OF BUSINESS' INVENTORY, EFFECTIVE 1 NOVEMBER 2017​.  Full Article

Botswana retailer Choppies forecasts full-year income drop

GABORONE, March 5 Botswana budget retailer Choppies Enterprises said on Tuesday it estimated net income after tax for the year ended June 30, will be 389 million pula ($36.41 million) lower than the previous year partly due to impairments.