audited results and dividend declaration
AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT ISIN: ZAE000078416
Summarised annual results for the year ended 30 June 2019 and dividend declaration
Introduction to the AfroCentric Group
AfroCentric is a majority black-owned JSE listed investment holding company which operates in and
provides specialised services to the public and private healthcare sectors. AfroCentric has and
continues to maintain its deliberate objective of being the leading exemplar of transformation and
empowerment in the South African healthcare sector.
% Year ended Year ended
change 30 June 2019 30 June 2018
Total revenue 25.7 5 296.8 million 4 212.7 million
Operating profit 23.8 771.5 million 623.1 million
Operating profit (excluding lease reversals) 8.8 677.7 million 623.1 million
Healthcare Services Operating profit (1.2) 548.4 million 555.3 million
Healthcare Retail Operating profit 90.6 129.2 million 67.8 million
Profit before tax (1.8) 528.5 million 538.4 million
Basic earnings (rands) 5.2 269.9 million 256.6 million
Headline earnings (rands) 1.6 265.2 million 260.9 million
Normalised headline earnings (rands) 4.3 275.5 million 264.1 million
Basic earnings (cents per share) 4.0 48.12 46.29
Headline earnings (cents per share) 0.5 47.29 47.06
Normalised headline earnings (cents per share) 3.1 49.13 47.63
Weighted average number of ordinary shares 560.8 million 554.4 million
The Board has pleasure in announcing that in addition to the interim gross dividend per ordinary share
of 17 cents, a final gross dividend of 17 cents per ordinary share has been declared for the year ended
30 June 2019. Dividends are subject to Dividends Withholding Tax. The payment date for the dividend
is 4 November 2019.
• Dividends have been declared out of profits available for distribution.
• Local Dividends Withholding Tax rate is 20%.
• The gross dividend amount is 17 cents per ordinary share.
• The net cash dividend amount is therefore 13.6 cents per ordinary share.
• The Company has 574 241 248 ordinary shares in issue as at the declaration date.
• The Company’s income tax reference number is 9600/148/71/3.
The salient dates relating to the dividend are as follows:
Last day to trade cum dividend Tuesday, 29 October 2019
Shares commence trading ex-dividend Wednesday, 30 October 2019
Dividend record date Friday, 1 November 2019
Dividend payment date Monday, 4 November 2019
Share certificates for ordinary shares may not be dematerialised or rematerialized between Wednesday,
30 October 2019 and Friday, 1 November 2019, both days inclusive.
This short-form announcement is the responsibility of the Directors of the Company and is a summary of the
information in the full announcement which is available for viewing on the following websites:
Company’s website: http://www.afrocentric.za.com/inv-reporting.php.
JSE website: https://senspdf.jse.co.za/documents/2019/jse/isse/act/ACT130919.pdf
Any investment decision by investors and/or shareholders should be based on consideration of the full
announcement, copies of which are also available for inspection at our offices and our sponsor’s offices on
work-days during business hours, at no charge:
On behalf of the Board
Dr ATM Mokgokong Mr A Banderker
Chairperson Group Chief Executive Officer
13 September 2019
Date: 13/09/2019 09:00:00
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