ONELOGIX GROUP LIMITED - Unaudited condensed consolidated interim results for the six months ended 30 November 2019

Unaudited condensed consolidated interim results for the six months ended 30 November 2019

OneLogix Group Limited
(Incorporated in the Republic of South Africa) 
(Registration number 1998/004519/06)
JSE share code: OLG
ISIN: ZAE 000026399
("OneLogix" or "the company" or "the group")


Unaudited condensed consolidated interim results for the six months ended 30 November 2019


Highlights
- Revenue up slightly
- Businesses remain profitable despite poor trading environment
- Cash flows generated from operations remain resilient
- Interest-bearing borrowings continue to be paid down 
- New IFRS 16 Accounting Standard implemented 
- Umlaas Road Phase 3 development continuing
- Trading profit was down 18% from R125,9 million to R102,9 million
- Headline earnings and diluted headline earnings per share ("HEPS") of 17 cents was 24% lower
- Core HEPS and diluted core HEPS ("Core HEPS") decreased by 22% to 20,1 cents
- Earnings per share ("EPS") decreasing by 26%, or 5,9 cents, to 16,4 cents
- Five-year compound annual growth rates: NAV per share 17%; NTAV per share 18%

This short-form announcement is the responsibility of the directors and is only a summary of the information 
in the full announcement. The full announcement can be found on the company's website at www.onelogix.com - 
http://onelogix.com/documents/interimResults/OneLogix-interim-results-booklet-2019.pdf, and can also be accessed 
using the following JSE link https://senspdf.jse.co.za/documents/2020/jse/isse/OLG/HY20result.pdf from Thursday, 6 February 2020.
Copies of the full announcement may also be requested at the company's registered office and at the office of the sponsor, 
at no charge, during office hours from Thursday, 6 February 2020 to Thursday, 13 February 2020. Any investment decision should 
be based on the full announcement published on SENS and on the company's website.

Despite the extended period of tough trading conditions, we are pleased to report that each of the group's 12 businesses continue 
to be profitable based on sound underlying business strategies and skilled management teams.

However, relentlessly waning demand and contracting markets have inevitably impacted margin and volume pressure, which negatively 
affected the group's results for the half-year.

Dividend
After careful consideration, the board has decided not to declare an interim dividend (Interim gross dividend 2019: 6 cents per share) 
as the group wishes to preserve its cash resources given capital commitments relating to Umlaas Road Phase 3, prevailing uncertain 
market conditions, and the need to expand and grow the business should the opportunities arise.

Prospects
Our strategy remains unaltered. We will continue to focus on extracting maximum efficiencies from existing businesses in order 
to protect and grow their individual market shares in their respective niche markets. The executive management team maintains 
full confidence in our experienced and stable business management teams with their proven entrepreneurial and commerce skills, 
and fully expects them to continue guiding our businesses to ongoing growth despite the prevailing economic landscape. Our tested 
business models have ensured that each group business is well-equipped to both withstand economic headwinds and to exploit 
emerging opportunities.

OneLogix will continue to be mindful of start-up and acquisitive opportunities and assess these appropriately. Our strong financial 
position, supported by a credible Broad-Based Black Economic Empowerment accreditation and commitment, provide an ideal springboard 
for the pursuit of growth.

By order of the board

Ian Lourens               Geoff Glass
CEO                       FD

6 February 2020


Directors
LJ Sennelo (Chairperson)*# 
NJ Bester
GM Glass (FD)
AJ Grant*#
IK Lourens (CEO)
CV McCulloch (COO) 
IM Pule*#
KV Ratshefelo*#
K Schoeman*

* Non-executive
# Independent


Registered office
46 Tulbagh Road
Pomona 
Kempton Park

PostNet Suite 10
Private Bag X27
Kempton Park
1620


Company secretary
CIS Company Secretaries (Pty) Ltd
Rosebank Towers
15 Biermann Avenue
Rosebank
2191

PO Box 61673
Marshalltown
2107


Transfer secretaries
Computershare Investor Services (Pty) Ltd
Rosebank Towers
15 Biermann Avenue
Rosebank
2191

PO Box 61051
Marshalltown
2107


Sponsor
Java Capital
6A Sandown Valley Crescent
Sandton
2196

Date: 06-02-2020 07:05:00
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