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EFORA ENERGY LIMITED - Unreviewed Interim Results for the Six Months Ended 31 August 2019

Release Date: 27/11/2019 17:22
Code(s): EEL     PDF:  
 
Wrap Text
Unreviewed Interim Results for the Six Months Ended 31 August 2019

EFORA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
(“Efora” or “the Company” or “the Group”)

UNREVIEWED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2019

1.   SALIENT FEATURES

     Operating profit of R3.3 million relative to an operating loss of R34.8 million in the prior
     corresponding period.

     Headline earnings per share (“HEPS”) of 0.85 cents per share relative to a headline loss
     per share of 12.57 cents per share in the prior corresponding period.

     Earnings per share (“EPS”) of 0.83 cents per share relative to a loss per share of 12.63
     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/EELE/EELH12019.pdf


     Copies of the Full Announcement are also available for viewing on the Company’s website
     at https://www.eforaenergy.com/category/investor-centre/financial-results/ 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.


Johannesburg
27 November 2019

Sponsor
PSG Capital
For further information please contact:

Efora Energy Limited
Tariro Gadzikwa
+27 (0)10 591 2260


About Efora
Efora Energy Limited is a South African based independent African oil and gas company,
listed on the JSE. The Company has a diverse portfolio of assets spanning production in
Egypt; exploration and appraisal in the Democratic Republic of Congo; midstream project
relating to crude trading in Nigeria and material downstream distribution operations in South
Africa. Our focus as a Group is on delivering energy for the African continent by using Africa’s
own resources to meet the significant growth in demand expected over the next decade.

Date: 27-11-2019 05:22:00
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