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CURRO HOLDINGS LIMITED - Results For The Six Months Ended 30 June 2019

Release Date: 14/08/2019 07:05
Code(s): COH     PDF:  
 
Wrap Text
Results For The Six Months Ended 30 June 2019

CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06
Share code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)



RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019


1.   SALIENT FEATURES

     Revenue increased by 19% to R1 480 million, from the restated R1 240 million in the prior
     corresponding period.

     Earnings before interest, taxation, depreciation and amortisation (“EBITDA”) increased
     by 21% to R415 million, from the restated R342 million in the prior corresponding period.

     Headline earnings per share (“HEPS”) increased by 44% to 50.0 cents per share, from
     the restated 34.8 cents per share in the prior corresponding period.

     Earnings per share (“EPS”) increased by 64% to 56.9 cents per share, from the restated
     34.8 cents per share in the prior corresponding period.

     Recurring headline earnings increased by 7% to R153 million, from the restated R143
     million in the prior corresponding period.

     Recurring headline earnings per share (“Recurring HEPS”) increased by 7% to 37.1
     cents per share, from the restated 34.8 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/2019/JSE/ISSE/COH/Interim 19.pdf

     Copies of the Full Announcement is also available for viewing on the Company’s website
     at https://www.curro.co.za/corporate/financial-results/financial-year-2019/ 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.


BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT (“THE ACT”): ANNUAL
COMPLIANCE REPORT

In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Limited
Listings Requirements, notice is hereby given that the Company’s annual compliance report
in terms of section 13G(2) of the Act has been published and is available on the Company’s
website at www.curro.co.za.



14 August 2019

Sponsor

PSG Capital

Date: 14/08/2019 07:05:00
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