CSG HOLDINGS LIMITED - Unaudited Condensed Consolidated Interim Results For The Period Ended 30 September 2020

Unaudited Condensed Consolidated Interim Results For The Period Ended 30 September 2020

CSG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/011359/06)
Share code: CSG
ISIN: ZAE000184438
(“CSG”, “the Company” or “the Group”)


UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE PERIOD
ENDED 30 SEPTEMBER 2020



1.   SALIENT FEATURES

     Headline earnings per share increased to 1.56 cents per share, compared to the headline
     loss per share of 5.27 cents reported for the prior corresponding period.

     Basic earnings per share increased to 1.55 cents per share, compared to the basic loss
     per share of 5.33 cents reported for the prior corresponding period.

     This improvement was mainly due to the Security division’s aggressive turnaround plan,
     the Group’s cost-cutting initiatives implemented during lockdown, together with
     assistance received from government such as employee tax incentives (ETI) and Skills
     Development Levy (SDL) payment holidays.

     The Group’s revenue from continuing operations decreased by 38% to R563,15 million,
     with the Group generating an operating profit of R14,89 million and headline earnings of
     R8,12 million.

     The majority of the 7Arrows Security Proprietary Limited (“7Arrows”) contracts were
     successfully sold to Fidelity ADT Monitoring Proprietary Limited on 1 October 2020. This
     part of 7Arrows has been classified as a discontinued operation in the interim results.

     Cash generated from operations increased by 59% to R81,70 million for the period ended
     30 September 2020.



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/CSG/CSGHY21.pdf

     Copies of the Full Announcement is also available for viewing on the Company’s website
     at https://csgholdings.co.za/investor-relations/ 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.


19 November 2020

Sponsor

PSG Capital

Date: 19-11-2020 01:00:00
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