BALWIN PROPERTIES LIMITED - Unaudited interim results for the six months ended 31 August 2019

Unaudited interim results for the six months ended 31 August 2019

Balwin Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number:2003/028851/06)
Share code: BWN
ISIN: ZAE000209532
("Balwin" or "the group")


Unaudited Interim RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2019


Balwin Properties is a specialist, national residential property developer of large-scale sectional title estates with 
a focus on high quality, affordable apartments with an innovative lifestyle offering for clients.


FINANCIAL HIGHLIGHTS
Revenue                        up    19% to R1 419 million
Profit for the year            up    4% to R185 million
Earnings per share             up    4% to 40 cents per share
Headline earnings per share    up    5% to 40 cents per share
Net asset value per share      up    17% to 593 cents per share
EBITDA                         up    2% to R258 million

The short-form announcement is the responsibility of the Board of Directors of Balwin. It contains only a summary of
the information in the full announcement and does not contain full or complete details. The full announcement can be
found at:
https://senspdf.jse.co.za/documents/2019/jse/isse/BWNE/interims.pdf

Copies of the full announcement are also available for viewing on the company's website at www.balwin.co.za or may be
requested in person, at the company's registered office or the office of Investec Bank Limited, 100 Grayston Drive,
Sandown, at no charge, during office hours.

Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement, as a whole.

Dividend
Notice is hereby given that the board has declared an interim gross dividend of 11.7 cents per ordinary share, payable out of
income reserves for the period ended 31 August 2019 to ordinary shareholders in accordance with the time table below:

Declared                                                                                         Monday, 21 October 2019
Cum dividend                                                                                   Tuesday, 10 December 2019
Ex dividend                                                                                  Wednesday, 11 December 2019
Record date                                                                                     Friday, 13 December 2019
Payment date                                                                                   Tuesday, 17 December 2019

No dividend was declared in the prior interim period.

Dividend tax amounting to 2.34 cents per ordinary share will be withheld in terms of the Income Tax Act. Ordinary
shareholders who are not exempt from dividend tax will therefore receive a dividend of 9.36 cents net of dividend tax.
The company has 472 192 592 ordinary shares in issue.

Balwin's income tax reference number is 9058216848. Share certificates may not be dematerialised or rematerialised
between Wednesday, 11 December 2019 and Friday, 13 December 2019, both days inclusive.

The financial information contained in this publication has not been reviewed or reported on by the company's external auditors.

21 October 2019
Sponsor
Investec Bank Limited



Date: 21/10/2019 07:05:00
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