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Unaudited Interim Condensed Consolidated Results for the Six Months Ended 31 August 2020
VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
ISIN Code: ZAE000187407 Share code: VIS
(“Visual” or “the Company” or “the Group”)
SHORT-FORM ANNOUNCEMENT:
UNAUDITED INTERIM CONDENSED CONSOLIDATED RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2020
Visual is a property developer that acquires land, rezones the land, installs the relevant services
and then constructs houses and apartments on the land for sale to homeowners or investors.
Visual focuses on the development of entire suburbs which comprise houses, apartments,
lifestyle and retirement accommodation, retail facilities, schools, offices, and recreation as well
as other related facilities. With this focus, Visual is able to ensure the overall quality and integrity
of the suburb. It enables Visual to supply quality residences and other facilities at affordable
prices. Furthermore, providing these combinations in a single suburb leads to job creation,
which is important to the owners and occupants. To date, close to 500 homes and apartments
have been developed by Visual at Stellendale.
Salient Features
Extracted from the un-audited interim condensed consolidated results for the six months
ended 31 August 2020:
31 August 31 August
2020 2019
Unaudited Restated*
R R
Revenue 11 587 11 587
Operating loss (2 420 261) (3 009 739)
(Loss) per share (cents) (0.43) (0.76)
Headline loss per share (cents) (0.43) (0.74)
Net asset value per share (cents) (2.48) 5.86
Dividend paid per ordinary share (cents) -- --
Short-Form Announcement
The short-form announcement is the responsibility of the board of directors of Visual and is only
an extract of the information contained in the unaudited interim condensed consolidated
results for the six months ended 31 August 2020.
This announcement does not contain full or complete details of the financial results. Any
investment decisions by investors and/or shareholders should be based on consideration of
the full announcement which stakeholders are encouraged to review. The full announcement
is available on the Company’s website (www.visualinternational.co.za) and on the JSE
Website:
https://senspdf.jse.co.za/documents/2021/jse/isse/VIS/VISHY21.pdf
Copies of the full announcement may be requested from the Company
(leeanne@visualinternational.co.za) or inspected at the registered office and/or the
Designated Advisors’ office, at no charge, during office hours.
By order of the Board
Cape Town
19 April 2021
Directors: CK Robertson; R Kadalie; RR Richards*#; CT Vorster*#; LT Matholwa*# (* non-
executive # independent)
Registered Address: 23 Kleinplaas, Hohenort Street, Stellenberg, 7550 (P.O. Box 3163, Tyger
Valley, 7536)
Company Secretary: Light Consulting (Pty) Ltd
Auditors: BDO South Africa Incorporated, 106 Park Drive, Port Elizabeth Central, Port Elizabeth,
6001
Transfer Secretaries: JSE Investor Services Proprietary Limited, 13th Floor, 19 Ameshoff Street,
Braamfontein, 2017
Designated Advisor: AcaciaCap Advisors (Pty) Ltd
Website: www.visualinternational.co.za
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 19-04-2021 11:41:00
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