LUXE HOLDINGS LIMITED - Short-Form Announcement: Provisional Reviewed Results For The Full Year Ended 29 February 2020

Short-Form Announcement: Provisional Reviewed Results For The Full Year Ended 29 February 2020

LUXE HOLDINGS LIMITED
(Previously Taste 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: PROVISIONAL REVIEWED RESULTS FOR THE FULL
YEAR ENDED 29 FEBRUARY 2020


1.   SALIENT FEATURES

     Revenue (from continuing operations) decreased by 6% to R459 million from R490 million
     in the prior corresponding period.

     Gross profit (from continuing operations) increased by 1% to R188 million from R186
     million in the prior corresponding period. Gross profit margin (from continuing operations)
     increased to 41% from 38% in prior corresponding period.

     Loss before taxation (from continuing operations) decreased by 73% to R17 million from
     R62 million in the prior corresponding period.

     Luxury Goods Division’s operating profit improved from a loss of R43 million to an
     operating profit of R12.2 million.

     Headline loss per share decreased by 63% to 9.4 cents per share, from 25.6 cents per
     share in the prior corresponding period. The per share improvement was mainly a function
     of the increase in the weighted average number of shares in issue.

     Loss per share decreased by 44% to 19.7 cents per share, from 35.0 cents per share in
     the prior corresponding period. The per share improvement was mainly a function of the
     increase in the weighted average number of shares in issue.

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 found at:

     https://senspdf.jse.co.za/documents/2020/JSE/ISSE/LUXE/FY20Prov.pdf

     Copies of the Full Announcement is also available for viewing on the Company’s website
     at https://www.luxeholdings.co.za/financial-information/financial-information-2/ or may be
     requested in person, at the Company’s registered office or the office of the sponsor, at no
     charge, during office hours.

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Full Announcement, as a whole.

     These results have been reviewed by the Company’s auditors, BDO South Africa
     Incorporated, who expressed an unmodified review conclusion thereon. The auditor’s
     report is available, along with the financial information, on the Company’s website at
     https://www.luxeholdings.co.za/financial-information/financial-information-2/.


7 September 2020

Sponsor

PSG Capital

Date: 07-09-2020 05:20:00
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