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AVENG LIMITED - Short-form announcement summarised audited consolidated annual financial statements for the year ended 30 June 2019

Release Date: 29/08/2019 07:05
Code(s): AEG     PDF:  
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Short-form announcement summarised audited consolidated annual financial statements for the year ended 30 June 2019

AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")

Short-form SENS Announcement

Summarised audited consolidated annual financial statements for the year ended 30 June 2019


SALIENT FEATURES
McConnell Dowell delivers consistent profit
Group-led intervention addresses Moolmans underperformance
36% growth in core order book to R17,7 billion
68% international, 32% South Africa
R1 billion non-core asset sales announced
R300 million debt repaid

INFORMATION REQUIRED TO BE DISCLOSED UNDER THE JSE LISTING RULES

Extract from the audited consolidated annual financial statements

Revenue decreased by 16% to R25,7 million
Net operating loss increased by more than 100% to R1,1 billion
Headline loss remained in line with prior year at R1,55 billion
Loss per share improved to 10,5 cents
Headline loss per share improved to 9,7 cents
Net asset value per share decreased to 13 cents


About Aveng Limited

Aveng’s primary geographic markets are South Africa and sub-Saharan Africa, Australasia and Southeast Asia. As
the Group transitions to an international infrastructure, resources and mining business, its main market sectors will
be contract mining in sub-Saharan Africa and West Africa, and construction in Australia, New Zealand and
Southeast Asia.

The short-form announcement is the responsibility of the directors and is only a summary of information in
the full announcement which is available on the company’s website (www.aveng.co.za). This announcement
does not contain full or complete details and any investment decisions by investors and/or shareholders
should be based on consideration of the published SENS available on:
https://senspdf.jse.co.za/documents/2019/JSE/ISSE/AEG/2019Result.pdf

The full announcement is available for inspection at the registered office and/or the sponsor’s office, at no charge
during office hours.

By Order of the Board

Sean Flanagan
Group Chief Executive Officer
29 August 2019

Sponsors
UBS South Africa Proprietary Limited

Executive Directors
EK Diack (Executive Chairman) | SJ Flanagan (Group Chief Executive Officer) | AH Macartney (Group Financial
Director)

Non-Executive Directors
MA Hermanus (Lead Independent Non-executive) | PA Hourquebie (Independent Non-executive) | MJ Kilbride
(Independent Non-executive)

Registered office
Aveng Park, 1 Jurgens Street, Jet Park, Boksburg, 1459

Date: 29/08/2019 07:05:00
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