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WESIZWE PLATINUM LIMITED - Condensed Consolidated Interim Financial Results for the six Months Ended 30 June 2022

Release Date: 30/09/2022 16:30
Code(s): WEZ     PDF:  
Wrap Text
Condensed Consolidated Interim Financial Results for the six Months Ended 30 June 2022

 WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2003/020161/06
Share code: WEZ
ISIN number: ZAE000075859
(“Wesizwe” or “the Company”)

CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS
ENDED 30 JUNE 2022

1.   SALIENT FEATURES

     -   Administration expenditure increased by 166% to R27.63 million, from R10.37 million
         in the prior corresponding period.
     -   Headline earnings per share decreased by 19.11 cents per share to a headline loss of
         4.09 cents per share (2021: headline earnings of 15.02 cents per share).
     -   Earnings per share decreased by 19.11 cents per share to a loss of 4.09 cents per
         share (2021: earnings of 15.02 cents per share).
     -   The board of directors, after careful consideration, has elected to not declare a
         dividend for the period ending 30 June 2022 (2021: nil).


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/2022/JSE/ISSE/WEZ/IntWEZ22.pdf

     A copy of the Full Announcement is also available for viewing on the Company’s website
     at www.wesizwe.co.za/downloads/2022/interims-june-2022.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.

     These interim results have been reviewed by the Company’s auditors,
     SizweNtsalubaGobodo Grant Thornton Inc. who expressed an unmodified review opinion
     thereon.

Johannesburg
30 September 2022

Sponsor
PSG Capital

Date: 30-09-2022 04:30:00
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