LUXE HOLDINGS LIMITED - Short-Form Announcement: Unaudited Condensed Consolidated Results for six months ended 31 August 2021

Short-Form Announcement: Unaudited Condensed Consolidated Results for six months ended 31 August 2021

LUXE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2000/002239/06)
Share code: LUX
ISIN Code: ZAE000286035
(“Luxe” or “the Company”)


SHORT-FORM ANNOUNCEMENT: UNAUDITED CONDENSED CONSOLIDATED RESULTS FOR SIX
MONTHS ENDED 31 AUGUST 2021


1.   SALIENT FEATURES

     Revenue increased by 64% to R208 million, from R127 million in the
     prior corresponding period.

     Positive same-store sales growth for the first half ended August were
     at +338.2%.

     Gross profit increased by 71% to R91 million, from R54 million in the
     prior corresponding period. Retail gross profit % has improved from
     42.7% to 43.2%.

     Operating profit increased by 144% to R5.1 million from R11.5 million
     loss in the prior corresponding period.

     Prudent management of costs and working capital, specifically
     inventory and cash, helped to preserve cash and improve the cash
     position of the Group.

     Headline loss per share improved by 76% to 24.6 cents, from 101.7 cents
     per share in the prior corresponding period.

     Loss per share improved by 76% to 24.6 cents, from 101.7 cents per
     share in the prior corresponding period.


2.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of
     the Company. It contains only a summary of the information in the full
     announcement (“Full Announcement”) and does not contain full or
     complete details. The Full Announcement can be accessed at:

     https://senspdf.jse.co.za/documents/2021/jse/isse/luxe/interims21.pdf

     The Full Announcement is also available for viewing on the Company’s
     website at https://www.luxeholdings.co.za/financial-information/financial-information-2/
     This short form announcement was released on SENS on 30 November 2021.

     The Full Announcement is available for inspection, during office hours,
     at the registered offices of Luxe and its Sponsor, or copies thereof may
     be requested at no charge from AK Holdings by emailing lee-
     annva@arthurkaplan.co.za
     Any investment decisions by investors and/or shareholders should be
     based on consideration of the Full Announcement, as a whole.


Johannesburg
30 November 2021

Sponsor
Merchantec Capital

Date: 30-11-2021 10:00:00
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