GRAND PARADE INVESTMENTS LIMITED - Interim Results For The Six Months Ended 31 December 2019

Interim Results For The Six Months Ended 31 December 2019

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)


INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2019


1.   SALIENT FEATURES

     Revenue from continuing operations increased by 19% to R844.4 million, from R707.3
     million in the prior corresponding period.

     Operating profit from continuing operations increased by 315% to R81.4 million, from
     R19.6 million in the prior corresponding period.

     Headline earnings per share increased by 176% to 10.35 cents per share, from 3.75 cents
     per share in the prior corresponding period.

     Headline earnings per share from continuing operations increased by 37% to 11.69 cents
     per share, from 8.53 cents per share in the prior corresponding period.

     Basic earnings per share increased by 117% to 1.39 cents per share, from a basic loss
     per share of 8.23 cents in the prior corresponding period.

     Basic earnings per share from continuing operations decreased by 67% to 2.73 cents per
     share, from 8.39 cents per share in the prior corresponding period.

     Net asset value per share increased by 1.83% to 445 cents per share, from 437 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 found at:
      https://senspdf.jse.co.za/documents/2020/JSE/ISSE/GPLE/Interim 19.pdf

     Copies of the Full Announcement is also available for viewing on the Company’s website
     at https://thevault.exchange/?get_group_doc=13/1584683712-GrandParadeCondensedInterimResultsDecemeber2019.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.

20 March 2020

Sponsor
PSG Capital

Date: 20-03-2020 08:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.