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Unaudited interim results for the six months ended 30 June 2020
MONTAUK HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2010/017811/06
Share code: MNK
ISIN: ZAE000197455
("Montauk" or "the Company" or "the Group")
UNAUDITED INTERIM RESULTS
for the six months ended 30 June 2020
SALIENT FEATURES
Unaudited Unaudited
six months six months
ended ended
30 June 30 September Percentage
2020 2019 change
Revenue ($'000) 46 426 50 525 (8%)
EBITDA ($'000) 10 834 14 801 (27%)
Headline (loss)/profit ($'000) (643) 1 308 (149%)
(Losses)/earnings per share (US cents) (0.24) 0.93 (126%)
Headline (losses)/earnings per share (US cents) (0.47) 0.96 (149%)
Net asset value per share (US cents) 111 112 (1%)
CHANGE OF YEAR-END
Shareholders are referred to the announcement released by the Company on SENS on 4 December 2019
that it had changed its year-end to 31 December, the first year-end subject to the amended year-end
date therefore being 31 December 2019. The Company is reporting its interim results for the
six months ended 30 June 2020, with comparative results consisting of the six months ended
30 September 2019. Shareholders are therefore advised to take note of the disparity in reporting
periods when considering the Company's forthcoming results.
DECLARATION OF CASH DIVIDEND
The directors have resolved not to declare an interim dividend to focus financial resources on the
continued development of the Company's operations portfolio.
DIRECTORS' STATEMENT
The directors, who take responsibility for the contents of this short-form announcement, present the
unaudited condensed consolidated interim results of Montauk Holdings Limited for the six months
ended 30 June 2020. The interim results were prepared under the supervision of the chief financial
officer, Mr KA Van Asdalan (CPA).
The financial information is only a summary and does not contain full details of the interim
financial results. Any investment decisions by investors and/or shareholders should be based
on information contained in the full announcement, which was released on SENS at
https://senspdf.jse.co.za/documents/2020/jse/isse/MNKE/Interim20.pdf, on 12 August 2020, and on
the Company's website at www.montauk.co.za.
The full announcement is also available at Suite 801, 76 Regent Road, Sea Point, Cape Town 8005
and the offices of the sponsor free of charge to investors and/or shareholders, during office hours
(09:00 - 17:00) from Mondays to Fridays.
JA Copelyn SF McClain KA van Asdalan
Chairman Chief Executive Officer Chief Financial Officer
12 August 2020
Directors: JA Copelyn (Chairman)*; SF McClain (Chief Executive Officer)#; KA Van Asdalan
(Chief Financial Officer)#; MH Ahmed*; TG Govender*; MA Jacobson*##; NB Jappie*; BS Raynor*#
* Non-executive; # United States of America; ## Australia
Company secretary: HCI Managerial Services Proprietary Limited
Registered office: Suite 801, 76 Regent Road, Sea Point, Cape Town 8005
Postal address: PO Box 5251, Cape Town 8000
Transfer secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers,
15 Biermann Avenue, Rosebank 2196. Private Bag X9000, Saxonwold 2132
Sponsor: Investec Bank Limited
www.montauk.co.za
Date: 12-08-2020 03:45:00
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