Short Form Announcement - Audited Consolidated Results for the Year Ended 28 February 2021
(Incorporated in the Republic of South Africa)
(Registration number 1960/004393/06)
Share code: SPA ISIN: ZAE000006938
SHORT FORM ANNOUNCEMENT
AUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2021
Spanjaard Limited, a leading and proudly South African manufacturer of special lubricants and
allied chemical products in the Automotive, Household, Industrial and Mining, Outdoor and
Leisure, Marine, Motorcycle, Food Grade, Non-Flammable Aerosols and Food markets, released
its results for the year ended 28 February 2021.
This short-form announcement is the responsibility of the Directors and is only a summary of the
information in the full announcement. The information contained in this announcement has
been extracted from audited information, but the announcement itself has not been audited.
The full announcement was released on SENS on 31 May 2021 and can be found on the
https://www.spanjaard.biz/financials/ and also at the following link:
Certain key audit matters were raised in the unmodified audit opinion issued by the auditors on
the annual consolidated financial statements. The full auditors report can be viewed on the
following web-link: https://www.spanjaard.biz/financials/
KEY FINANCIAL RESULTS SUMMARY
Year ended Year ended
28 February 29 February Increase/
2021 2020 (Decrease
Revenue – R’000 136 755 123 731 13 024
Operating profit/(loss) – R’000 6 478 1 946 4 532
Headline earnings per share – cents per share 56.5 27.5 29.0
Earnings per share – cents per share 56.5 26.1 30.4
Net asset value per share attributable to ordinary 639.9 582.8 57.1
shareholders - cents
Dividends declared per share - cents
- Interim - - -
- Final - - -
The full announcement is available for inspection at no charge during normal business hours on
business days at the registered office of the Company and the office of the Sponsor. Copies
may be requested from the registered office of the Company.
Any investment decisions should therefore be based on the full announcement as released on
SENS and on the Company’s website.
By order of the Board
Chief Executive Officer
31 May 2021
M Notrica (Independent Non-Executive Chairman)*
T Spanjaard (Chief Executive Officer)
S Vassan Makan (Financial Director)
* Independent Non-Executive
Date: 31-05-2021 11:00:00
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