The share price climbed to R1.86 a share on Friday afternoon, moments after concluding the meeting with its lenders that took place in London on Friday. It hit a record low of R1.40 a share earlier in the week.
The group also said it expected to publish its third quarter update by August.
“The group is in the process of completing its reporting for the first half of the 2018 financial year and will publish the unaudited consolidated interim results of the group for the first half on June 29,” it said. However, it has estimated that its retail operations would deliver a 1percent increase in half-year revenue to 9.4billion (R141bn), up from last year’s preliminary restated 9.3bn.
The earnings before interest, tax, depreciation and amortisation (Ebitda) margin for the group’s retail operations for the six months is estimated, before taking into account central costs, foreign exchange losses on cross-currency loans and advisory fees, to be between 4percent and 5percent.