COMBINED MOTOR HOLDINGS LIMITED - Abridged results for the year ended 28 February 20212021/05/04 09:30:00
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Abridged results for the year ended 28 February 2021 Combined Motor Holdings Limited (Registration number: 1965/000270/06) (Share code: CMH) (ISIN: ZAE000088050) ('the Company' or 'the Group') GROUP FINANCIAL HIGHLIGHTS FOR THE YEAR ENDED 28 FEBRUARY 2021 28 February 29 February Change 2021 2020 % Total assets (R'000) 3 274 003 3 650 301 (10,3) Cash resources (R'000) 754 825 659 622 14,4 Net asset value per share (cents) 1 216 1 090 11,6 Revenue (R'000) 8 579 558 11 156 167 (23,1) Operating profit (R'000) 345 045 417 280 (17,3) Net profit attributable to ordinary shareholders (R'000) 168 763 190 519 (11,4) Return on shareholders' funds (%) 19,6 24,3 (19,3) Basic earnings per share (cents) 225,6 254,7 (11,4) Headline earnings per share (cents) 230,4 254,8 (9,6) Dividends paid per share (cents) 100,0 176,0 (43,2) Dividend declared per share, payable June 2021 (cents) 125,0 - This short-form announcement is the responsibility of the directors. It is only a summary of the information contained in the full announcement and does not contain complete details. Any investment decision should be based on the full announcement which can be found on the Company's website at www.cmh.co.za and at the following link https://senspdf.jse.co.za/documents/2021/jse/isse/CMH/CMHAR2021.pdf. The full announcement is also available for inspection at the Company's registered office, and copies thereof may be requested at no charge, during office hours by phoning the Company Secretary on +27 31 5804200. The consolidated financial statements for the year ended 28 February 2021 have been audited by the company's auditors, PricewaterhouseCoopers Inc, who expressed an unmodified opinion thereon. The audit opinion also includes communication of key audit matters. The audit opinion is available along with the financial statements, and the summary financial results on the Company's website at https://www.cmh.co.za/annual-reports/ Dividend declaration Notice is hereby given that a dividend (dividend number 65) of 125 cents per share will be paid on Monday, 14 June 2021 to members reflected in the share register of the Company at the close of business on the record date, Friday, 11 June 2021. Last day to trade cum dividend is Tuesday, 8 June 2021. First day to trade ex dividend is Wednesday, 9 June 2021. Share certificates may not be dematerialised or rematerialised from Wednesday, 9 June 2021 to Friday, 11 June 2021, both days inclusive. The number of ordinary shares in issue at the date of the declaration is 74 801 998. Consequently, the gross dividend payable is R93 502 498 and will be distributed from income reserves. The dividend will be subject to dividend withholding tax at a rate of 20%, which will result in a net dividend of 100 cents per share to those shareholders who are not exempt in terms of section 64F of the Income Tax Act. 4 May 2021 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 04-05-2021 09:30:00 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.