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Summary of Condensed Unaudited Group Financial Results and Dividend Declaration for the 6 Months ended 31 Dec 2021
BOWLER METCALF LIMITED
(Registration number 1972/005921/06)
Share code: BCF ISIN number: ZAE000030797
SUMMARY OF CONDENSED UNAUDITED GROUP FINANCIAL RESULTS AND DIVIDEND
DECLARATION FOR THE SIX MONTHS ENDED 31 DECEMBER 2021
%
R’mil 2021 Change 2020
Net asset value 689.2 -2 703.9
Earnings
Revenue 316.6 -4 331.0
Profit from operations 51.2 -15 59.9
Net profit before tax 59.1 -13 67.8
Net profit after tax 42.5 -13 48.8
Attributable to parent
Net profit after tax 42.5 -13 48.8
Total comprehensive income 42.5 -13 48.8
Earnings – cents per share
Earnings 59.37 -12 67.60
Headline earnings 59.37 -12 67.60
Dividends – cents per share
Final previous year paid 32.00 +8 29.50
Interim- payable 28 March 2022 19.40 - 19.40
Special – paid 10 January 2022 84.00 +100 -
An interim gross cash dividend, as defined by the Income Tax Act, of 19.40 cents per
share ("cps") for the six months ended 31December 2021 (2020: 19.40 cps) has been
declared and is payable to shareholders on Monday, 28 March 2022. The last day to
trade will be Tuesday, 22 March 2022, the ex date is Wednesday, 23 March 2022 and the
record date will be Friday, 25 March 2022. Share certificates may not be dematerialised
or re-materialised between Wednesday, 23 March 2022 and Friday, 25 March 2022, both
days inclusive. The directors confirm that at the date of this report they are satisfied with
the solvency and liquidity test.
This dividend will be made from income reserves. The gross dividend is 19.40 cps. Dividend
Withholding Tax (DWT) is 20%. The net local cash dividend to shareholders liable for DWT
will therefore be 15.52 cps.
The number of shares in issue (including treasury shares) at the date of declaration is
78 326 023.
The short-form announcement is the responsibility of the directors and is only a summary
of the information in the full announcement and does not contain full or complete details.
Any investment decisions by investors and/or shareholders should be based on
consideration of the full announcement published on SENS and the Company’s website
as a whole. The full announcement can be found on the Company’s website at
www.bowlermetcalf.co.za and also at the following link:
https://senspdf.jse.co.za/documents/2022/JSE/ISSE/BCF/BCFIR22.pdf
Copies of the full announcement may also be requested at the Company’s registered
office and at the offices of the sponsor, at no charge, during office hours. Any investment
decision should be based on the full announcement released on SENS on 8 February 2022
and published on the Company's website at www.bowlermetcalf.co.za as a whole,
copies of which may be requested at the company's registered office, and the offices of
the sponsors, AcaciaCap Advisors, at no charge, by phoning the Company during office
hours on +27 21 704 2223.
Prepared by: AC September CA (SA) 8 February 2022
Sponsor
AcaciaCap Advisors Proprietary Limited
Date: 08-02-2022 05:05:00
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