COMBINED MOTOR HOLDINGS LIMITED - Financial results for the year ended February 2020

Financial results for the year ended February 2020

Combined Motor Holdings Limited
(Registration number: 1965/000270/06) 
(Share code: CMH) (ISIN: ZAE000088050) 
("the Company" or "the Group")

GROUP FINANCIAL HIGHLIGHTS FOR THE YEAR ENDED 29 FEBRUARY 2020

                                                                              Restated     Change
                                                                    2020          2019          %
Total assets                                       (R'000)     3 650 301     3 591 076        1,6
Cash resources                                     (R'000)       659 622       675 966       (2,4)
Net asset value per share                          (cents)         1 090         1 010        7,9
Revenue                                            (R'000)    11 156 167    11 154 757          -
Operating profit                                   (R'000)       417 280       449 384       (7,1)
Net profit attributable to ordinary shareholders   (R'000)       190 519       213 373      (10,7)
Return on shareholders' funds                          (%)          24,3          29,7      (18,2)
Basic earnings per share                           (cents)         254,7         285,3      (10,7)
Headline earnings per share                        (cents)         254,8         285,5      (10,8)
Dividends paid per share                           (cents)         176,0         176,0          -
Dividend declared                                  (cents)           0,0         115,0     (100,0)

Comparative figures have been restated as a result of the implementation of IFRS 16: Leases. Full details of the restatement are included in the annual financial statements
on the Company's website at https://www.cmh.co.za/annual-reports

This announcement is the responsibility of the directors. It is only a summary of the information contained in the full announcement and does not contain complete details.
Any investment decision should be based on the full announcement which can be found on the Company's website at https://www.cmh.co.za/investors/preliminary-
announcements and at the following link: https://senspdf.jse.co.za/documents/2020/jse/isse/CMH/CMHAR2020.pdf. The full announcement is also available for inspection
at the Company's registered office, and copies thereof may be requested at no charge, during office hours by phoning the Company Secretary on +27 31 5804200.

These annual results for the year ended 29 February 2020 have been audited by the company's auditors, PricewaterhouseCoopers Inc, who expressed an unmodified
opinion thereon. The auditor's report also includes communication of key audit matters and is available together with the annual financial statements, on the Company's
website at https://www.cmh.co.za/annual-reports

23 June 2020

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 23-06-2020 09:00:00
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