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DENEB INVESTMENTS LIMITED - Reviewed Condensed Consolidated Financial Statements for the Year Ended 31 March 2020

Release Date: 05/06/2020 13:15
Code(s): DNB     PDF:  
Wrap Text
Reviewed Condensed Consolidated Financial Statements for the Year Ended 31 March 2020

DENEB INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2013/091290/06)
Share code: DNB
ISIN: ZAE000197398
(“Deneb” or “the Company”)




REVIEWED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31 MARCH 2020



1.   SALIENT FEATURES


     Revenue decreased by 4% to R3 216 million, from R3 347 million in the prior
     corresponding period.

     Revenue from continuing operations decreased by 3% to R2 872 million, from
     R2 956 million in the prior corresponding period.

     Operating profit from continuing operations increased by 16% to R173 million, from R149
     million in the prior corresponding period.

     Headline profit from continuing operations increased by 129% to R55 million from R24
     million in the prior corresponding period.

     Loss increased by 176% to R129 million, from R47 million in the prior corresponding
     period.

     Headline loss per share increased by 100% to 8.92 cents per share, from 4.47 cents per
     share in the prior corresponding period.

     Loss per share increased by 178% to 29.24 cents per share, from 10.53 cents per share
     in the prior corresponding period.

     Net asset value per share decreased by 10% to 337 cents per share, from 374 cents per
     share in the prior corresponding period.

     No dividend was declared (3 cents per ordinary 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/DNBE/dnbMar20.pdf
     Copies of the Full Announcement is also available for viewing on the Company’s website
     at http://deneb.co.za/images/deneb-results-booklet-march-2020.pdf or may be requested
     in person, at the Company’s registered office or the office of its sponsor PSG Capital 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 Reviewed Condensed Consolidated Financial Statements have been reviewed by
     the Company’s auditors, PwC, who expressed an unmodified review opinion thereon.



5 June 2020

Sponsor

PSG Capital

Date: 05-06-2020 01:15:00
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