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MONTAUK HOLDINGS LIMITED - Unaudited interim results for the six months ended 30 June 2020
2020/08/12 15:45:00Download PDF Stock report
Unaudited interim results for the six months ended 30 June 2020 MONTAUK HOLDINGS LIMITED Incorporated in the Republic of South Africa Registration number: 2010/017811/06 Share code: MNK ISIN: ZAE000197455 ('Montauk' or 'the Company' or 'the Group') UNAUDITED INTERIM RESULTS for the six months ended 30 June 2020 SALIENT FEATURES Unaudited Unaudited six months six months ended ended 30 June 30 September Percentage 2020 2019 change Revenue ($'000) 46 426 50 525 (8%) EBITDA ($'000) 10 834 14 801 (27%) Headline (loss)/profit ($'000) (643) 1 308 (149%) (Losses)/earnings per share (US cents) (0.24) 0.93 (126%) Headline (losses)/earnings per share (US cents) (0.47) 0.96 (149%) Net asset value per share (US cents) 111 112 (1%) CHANGE OF YEAR-END Shareholders are referred to the announcement released by the Company on SENS on 4 December 2019 that it had changed its year-end to 31 December, the first year-end subject to the amended year-end date therefore being 31 December 2019. The Company is reporting its interim results for the six months ended 30 June 2020, with comparative results consisting of the six months ended 30 September 2019. Shareholders are therefore advised to take note of the disparity in reporting periods when considering the Company's forthcoming results. DECLARATION OF CASH DIVIDEND The directors have resolved not to declare an interim dividend to focus financial resources on the continued development of the Company's operations portfolio. DIRECTORS' STATEMENT The directors, who take responsibility for the contents of this short-form announcement, present the unaudited condensed consolidated interim results of Montauk Holdings Limited for the six months ended 30 June 2020. The interim results were prepared under the supervision of the chief financial officer, Mr KA Van Asdalan (CPA). The financial information is only a summary and does not contain full details of the interim financial results. Any investment decisions by investors and/or shareholders should be based on information contained in the full announcement, which was released on SENS at https://senspdf.jse.co.za/documents/2020/jse/isse/MNKE/Interim20.pdf, on 12 August 2020, and on the Company's website at www.montauk.co.za. The full announcement is also available at Suite 801, 76 Regent Road, Sea Point, Cape Town 8005 and the offices of the sponsor free of charge to investors and/or shareholders, during office hours (09:00 - 17:00) from Mondays to Fridays. JA Copelyn SF McClain KA van Asdalan Chairman Chief Executive Officer Chief Financial Officer 12 August 2020 Directors: JA Copelyn (Chairman)*; SF McClain (Chief Executive Officer)#; KA Van Asdalan (Chief Financial Officer)#; MH Ahmed*; TG Govender*; MA Jacobson*##; NB Jappie*; BS Raynor*# * Non-executive; # United States of America; ## Australia Company secretary: HCI Managerial Services Proprietary Limited Registered office: Suite 801, 76 Regent Road, Sea Point, Cape Town 8005 Postal address: PO Box 5251, Cape Town 8000 Transfer secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank 2196. Private Bag X9000, Saxonwold 2132 Sponsor: Investec Bank Limited www.montauk.co.za Date: 12-08-2020 03:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.