TRELLIDOR HOLDINGS LIMITED - Summarised Consolidated Audited Financial Statements For The Year Ended 30 June 2022

Summarised Consolidated Audited Financial Statements For The Year Ended 30 June 2022

Trellidor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1970/015401/06)
Share Code: TRL
ISIN Code: ZAE000209342
(“the Company”)


SUMMARISED CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR
ENDED 30 JUNE 2022


1.   SALIENT FEATURES

     Revenue decreased by 1% to R513 million, from R518 million in the prior year.

     Headline earnings per share decreased by 99% to 0.4 cents per share, from 40.8 cents
     per share in the prior year.

     Earnings per share decreased by 99% to 0.4 cents per share, from 40.7 cents per share
     in the prior year.

     Included in the results is a provision for the Labour Court judgement of R32 million.

2.   DIVIDEND

     The Company’s dividend policy is to consider an interim and a final dividend in respect of
     each financial year, taking into account debt covenant requirements. Depending on the
     perceived need to retain funds for expansion or operating purposes, the board of directors
     of the Company (“Board”) may pass on the declaration of dividends.

     Given the weak operating environment and the possible further increase in debt which
     may be required to execute the Labour Court judgement, pending the Constitutional Court
     decision on further leave to appeal and any subsequent ruling, the Board has deemed it
     prudent not to declare a final dividend in respect of the year ended 30 June 2022
     (30 June 2021: 11.0 cents per share).

3.   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/2022/JSE/ISSE/TRLE/TRL_FY22.pdf

     A copy of the Full Announcement is also available for viewing on the Company’s website
     at https://holdings.trellidor.co.za/wp-content/uploads/2022/09/TRL%20FY22.pdf 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.
     
     The annual results have been audited by the Company’s auditors, Mazars, who
     expressed an unmodified audit opinion thereon. The full auditor’s report includes details
     of key audit matters. This auditor’s report is available, along with the annual financial
     statements, on the Company’s website at holdings.trellidor.co.za

4.   WEBINAR

     Shareholders are advised that the Company will be hosting a webinar at 09:00 on
     Monday, 5 September 2022 to present the financial results to shareholders and the
     market. Please follow the below link to register for the webinar:
     TRL FY 2022 Results Presentation


Durban
5 September 2022

Sponsor
PSG Capital 

Date: 05-09-2022 08:00:00
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