Wrap Text
Unaudited interim results for the six months ended 30 June 2023
Brimstone Investment Corporation Limited
ISIN Number: ZAE000015277
Share Code: BRT
ISIN Number: ZAE000015285
Share Code: BRN
Company Registration Number: 1995/010442/06
(Incorporated in the Republic of South Africa)
("Brimstone" or the "Company" or the "Group")
Unaudited interim results for the six months ended 30 June 2023
Salient features
Unaudited Unaudited
six months six months
ended ended
30 June 30 June Increase/
2023 2022 (decrease)
R'000 R'000 %
Revenue 3 342 887 2 857 910 17
Operating profit 237 515 279 349 (15)
Profit for the period 188 095 118 126 59
Earnings per share (cents) 35.6 10.3 246
Headline earnings per share (cents) 34.2 10.1 239
Intrinsic net asset value (INAV)
INAV at 30 June 2023 calculated on a line-by-line basis, totalled
R3.07 billion, or R12.36 per share (31 December 2022: R3.29 billion or
R13.25 per share), representing a decrease of 6.7% from 2022. As at
30 June 2023, Brimstone Ordinary shares were trading at a discount of 55.9%
to INAV (31 December 2022: 60.3%) and "N" Ordinary shares traded at a
discount of 59.6% to INAV (31 December 2022: 57.5%). The analysis of INAV
is available on the Company's website at www.brimstone.co.za.
The INAV information presented in this report has been prepared on a basis
consistent with that used in the Integrated Report for the year ended
31 December 2022.
Declaration of cash dividend
In line with the prior period, no interim dividend has been declared.
F Robertson MA Brey
Executive Chairman Chief Executive Officer
4 September 2023
About this announcement
This short-form announcement is the responsibility of the directors of
Brimstone. It is only a summary of the information in the unaudited interim
results and does not contain full or complete details. Any investment
decisions by investors and/or shareholders should be based on consideration
of the unaudited interim results for the six months ended 30 June 2023
published on the JSE at
https://senspdf.jse.co.za/documents/2023/jse/isse/BRT/ie2023.pdf
It is also available for viewing at
www.brimstone.co.za/investor-relations/results-reports/.
This announcement has not been audited or reviewed by the Group's external
auditors.
Directorate and administration
Registered office: Boundary Terraces, 1 Mariendahl Lane, Newlands, 7700,
Cape Town
Transfer Secretaries: Computershare Investor Services (Pty) Ltd,
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
Sponsor: Nedbank Corporate and Investment Banking, a division of
Nedbank Limited, 135 Rivonia Road, Sandton, 2196
Directorate: F Robertson (Executive Chairman)*, MA Brey (Chief Executive
Officer)*, GG Fortuin (Financial Director)*, MI Khan (Chief Operating
Officer)*, T Moodley*, PL Campher (Lead Independent), M Hewu, N Khan,
M Ndlovu, LA Parker, FD Roman, L Wort *Executive
Company Secretary: T Moodley
Website: www.brimstone.co.za
E-mail: info@brimstone.co.za
Date: 04-09-2023 08:11:00
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