Losses reduced to 19% or less

SENTULA narrowed its loss for the 15 month period to June 30. The company said that losses a share were expected to be between 19 percent and 11 percent to 39.52 cents and 43.95c compared with 49.18c for the 12 months to March 31, 2015. The diversified mining firm said the headline loss a share was likely to decline by between 30 percent and 23 percent and likely be between 27.82c and 31.44c from 40.22c during the corresponding period last year. Sentula changed its year end from March 31 to June 30. The company’s losses have widened by 18 percent to R348 million during the year to end-March, including a R129m provision for possible legal claims against its former subsidiary Megacube. Shares fell 5.56percent to close at 17c. – Dineo Faku

STOR-AGE

Bell equipment in action. The company incurred a R60m loss in the last six months from theft and fraud and misrepresentation perpetrated by its management team in the DRC.