Labat Africa Limited provided unaudited earnings guidance for the year ended August 31, 2021. for the year, the company expects basic loss per share of (5.7) cents per share compared to earnings of 3.1 cents per share for the previous year, resulted in a decline of 285%. The positive earnings per share for the previous year ended 31 August 2020 were attributed to discontinued operations.

The loss per share from continuing operations reflected an improvement from the prior year.