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UNICORN CAPITAL PARTNERS LIMITED - Unaudited condensed consolidated interim financial results for the six months ended 31 December 2019

Release Date: 31/03/2020 17:10
Code(s): UCP     PDF:  
 
Wrap Text
Unaudited condensed consolidated interim financial results for the six months ended 31 December 2019

Unicorn Capital Partners Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: UCP ISIN: ZAE000244745
(“Unicorn” or “the Company”)


UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX
MONTHS ENDED 31 DECEMBER 2019

The Company is pleased to report is interim financial results for the six months ended 31 December
2019 (“Interim Results”).

The Interim Results, as compared to the six months ended 31 December 2019, are set out below:

•     Revenue from continuing operations increased by R76.4 million to R177.3 million (December
      2018: R100.9 million restated).
•     Revenue from discontinued operations increased by R39.4 million to R418.9 million (December
      2018: R379.5 million restated).
•     Basic loss per share of 6.98 cents compared to earnings per share of 16.87 at December 2018.
•     Headline loss per share increased by 4.64 cents to 6.14 cents (December 2018: 1.50 cents).

Certain group comparative figures have been re-presented as a result of:

1) Nkomati Anthracite Proprietary Limited and Benicon Coal Proprietary Limited no longer being
   classified as held-for-sale and subsequently re-classified to continuing operations; and

2) Geosearch Proprietary Limited and its subsidiaries as well as Unicorn Mining Services Proprietary
   Limited and its subsidiaries being classified as held-for-sale and subsequently re-classified to
   discontinued operations.

Additional information surrounding the above can be obtained from the Circular to Shareholders
published on 11 March 2020. These changes have not resulted in any restatements to the basic
earnings per share, nor any changes in the headline loss per share reported for the previous
corresponding period.

Shareholders are referred to the South African Government directive of Monday evening,
23 March 2020, enacted in terms of the South African Disaster Management Act (the “Order”), which
requires a 21-day national lockdown, effective midnight 26 March 2020 to midnight 16 April 2020 (the
“National Lockdown”), in order to contain the spread of the COVID-19 (coronavirus) pandemic. The full
Government announcement can be found at http://www.thepresidency.gov.za.

The National Lockdown requires all non-essential businesses and activities to be suspended, with
people confined to their homes. The lockdown therefore impacts most South African mining and mining
services operations. Unicorn subsidiaries, Nkomati Anthracite and Geosearch are both directly
impacted and not operating during the lockdown period. Ritchie Crane Hire, Jef Drill & Blast and Sentula
Coal however provide services to clients that have been classified as Essential Services and are
therefore only partially impacted.

A reasonable estimate of the effect that the COVID-19 (coronavirus) and the national lockdown will
have on the future results cannot be made.

No dividends were declared or paid during the period under review or during the comparative period.

This short form announcement is the responsibility of the Board and does not contain full or complete
details. Any investment decisions by investors and/or shareholders should be based as a whole on
consideration of the unaudited condensed consolidated interim financial results for the six months
ended 31 December 2019 which may be downloaded from:
https://senspdf.jse.co.za/documents/2020/jse/ISSE/UCPE/Dec19Int.pdf

or the Company’s website at: https://www.unicorncapital.co.za/wp-
content/uploads/2020/03/Unaudited-Condensed-Consolidated-Interim-results-for-the-six-months-
ended-31-December-2019.pdf

and may also be viewed, at no cost, at the registered office of the Company and the Johannesburg
office of its Sponsor, during ordinary business hours, for a period of 30 calendar days following the date
of this announcement.

Registered office: First Floor, Building 8, Inanda Greens Office Park, 54 Wierda Valley Road, Wierda
Valley, 2196.

Johannesburg
31 March 2020

Sponsor
Questco Corporate Advisory Proprietary Limited
First Floor, Yellowwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston.

Date: 31-03-2020 05:10:00
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