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ZARCLEAR HOLDINGS LIMITED - Summarised audited consolidated results for the 15 months ended 30 June 2020
2020/09/22 16:30:00Download PDF Stock report
Summarised audited consolidated results for the 15 months ended 30 June 2020
ZARCLEAR HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/013674/06)
Share code: ZCL ISIN: ZAE000249645
('Zarclear' or 'the Group' or 'the Company')
SHORT-FORM ANNOUNCEMENT: SUMMARISED AUDITED CONSOLIDATED RESULTS FOR THE 15 MONTHS ENDED 30 JUNE 2020
HIGHLIGHTS
- NAV of 600 cents per share (31 March 2019: 537 cents)
- Basic profits attributable to ordinary shareholders of R45.6 million (2019: R26.9 million)
- Acquisition of 24% of African Phoenix Investments Limited
- Change in financial year from 31 March to 30 June
- General offer of R4.40 per share per circular issued on 11 September 2020
Audited Audited
as at as at
30 June 2020 31 March 2019
R'000 R'000
Net asset value per share (cents) 600 537
Income from portfolio investments 68,713 133,926
Fee income 52,087 8,153
Total comprehensive income for the period/year 147,081 112,356
Basic and diluted earnings 45,630 26,930
Weighted average ordinary shares in issue 226,065,696 226,065,696
Basic and diluted earnings per share (cents) 20.18 11.91
Headline earnings per share (cents) 22.78 11.91
Dividend per share - -
This short-form announcement is the responsibility of the board of directors of Zarclear. This announcement is a summary of the information
in the full announcement released on SENS, available on the JSE website at https://senspdf.jse.co.za/documents/2020/jse/isse/ZCLE/final20.pdf
and published on the Company's website (https://zarclear.com/News/Article/67) on 22 September 2020 which has been reviewed by the
Company's auditors but does not contain full or complete details. Any investment decision by investors and/or shareholders should be based on
consideration of the full announcement. Copies of the full announcement may be requested by emailing the company at louiseb@zarclear.com.
The financial statements for the 15-month period ended 30 June 2020 have been audited by BDO South Africa Inc, who issued
an unmodified audit opinion on the financial statements. The auditor's opinion identifies the valuation of financial investments as a
key audit matter. The financial statements are available on the Company's website (https://zarclear.com/News/Article/66).
Paul Baloyi Warren Chapman Andrew Hannington
Non-executive Chairman (CEO) (CFO)
22 September 2020
Directors: Paul Baloyi* (Chairman); Warren Chapman (CEO); Andrew Hannington (CFO); Fatima Vawda*; Amanda Munro-Smith; Kgosie Matthews*
(*Independent non-executive)
Registered office:
9th Floor, Katherine Towers, 1 Park Lane, Wierda Valley, Sandton, 2196 (PO Box 55312, Northlands, 2116),
Telephone: +27 11 722 7516
Company Secretary:
CIS Company Secretaries Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196, (PO Box 61051, Marshalltown, 2107)
Transfer Secretaries:
Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196, (Private Bag X9000, Saxonwold, 2132)
Sponsor: Java Capital:
6th Floor, Katherine Towers, 1 Park Lane, Wierda Valley, Sandton, 2196 (PO Box 522606, Saxonwold, 2132)
Date: 22-09-2020 04:30:00
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