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4SIGHT HOLDINGS LIMITED - Reviewed condensed consolidated provisional financial results for the year ended 31 December 2021

Release Date: 28/03/2022 11:40
Code(s): 4SI     PDF:  
Wrap Text
Reviewed condensed consolidated provisional financial results for the year ended 31 December 2021

4SIGHT HOLDINGS LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: C148335 C1/GBL)
JSE share code: 4SI ISIN: MU0557S00001
("4Sight" or "the Company" or "the Group")


SHORT FORM ANNOUNCEMENT: REVIEWED CONDENSED CONSOLIDATED PROVISIONAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021


"The Board of Directors, in collaboration with the Executive Committee, continued to drive the execution of the 3-year
strategy established in 2020. This strategy maintained top line growth during 2021 and positive confirmation of 4Sight
being regarded as a leading digital transformation company. In addition, the Board of Directors is pleased that during
the year's tough trading conditions, 4Sight improved its debt-to-equity ratio and slightly improved normalised earnings.
A portion of cash was utilised to mitigate the major risk of the skills drain in our market and to ensure we were able to
protect our major asset, the People of 4Sight. Funds were also utilised to continue the investment in Intellectual Property,
building innovative solutions and creating assets for 4Sight. A Shared Services model was introduced in 2021 to provide
support right across the business at a lower cost, with higher quality/reliability and to bring about a standardization and
harmonization of processes supported by advanced technologies." – Tertius Zitzke (Group CEO)


HIGHLIGHTS

                                     Unit             31 December 2021        31 December 2020              Percentage
 Revenue                             ZAR                   576,812,211             511,072,203                   12.9%
 Operating Profit                    ZAR                    11,383,853              17,974,278                 (36.7%)
 Earnings per share (EPS)            ZAR cents                    1.70                    1.33                   27.5%
 EPS continuing operations           ZAR cents                    1.70                    2.43                 (30.2%)
 Loss per share - Discontinued       ZAR cents                       -                  (1.10)                (100.00) 
 operations                                                          
 Headline earnings per share         ZAR cents                    1.76                    1.45                   20.8%
 (HEPS)                                                           
 HEPS - Continuing operations        ZAR cents                    1.76                    2.93                 (40.0%)
 Headline loss per share -           ZAR cents                       -                  (1.47)                (100.0%)   
 Discontinued operations                                              

4Sight Holdings Limited is a public company listed on the JSE AltX, incorporated on 29 June 2017 in accordance with
the laws of the Republic of Mauritius, specifically for the listing of the 4Sight Group on 19 October 2017. As a multi-
national, diversified technology group, our purpose is to leverage our portfolio of 4IR technologies, people and data-
focused solutions to design, develop, deploy and grow solutions for our partners, including both customers and vendors.

REVIEW CONCLUSION

The auditor, Nexia SAB&T, has issued an unmodified review report on the reviewed condensed consolidated
provisional financial results for the year ended 31 December 2021. Copies of the auditor's report will be made available
for inspection at the Company's registered office during office hours.

SHORT FORM ANNOUNCEMENT
This short form announcement is the responsibility of the directors and is only a summary of the full announcement
released on SENS on 28 March 2022.

This short form announcement does not contain full or complete details pertaining to the Company's results. Any
investment decisions by investors and/or shareholders should therefore be based on consideration of the full
announcement which may be downloaded from the Company's website at www.4sight.cloud and may be viewed at the
registered offices of the Company and of the designated advisor, or is available electronically from
investors@4sight.cloud, at no charge, during normal business hours for a period of 30 days after the release of this
announcement. The full announcement is also available on the JSE's website at
https://senspdf.jse.co.za/documents/2022/jse/isse/4SIE/FY2021.pdf


Directors:
Executive directors:
Tertius Zitzke (Chief Executive Officer), Eric van der Merwe (Financial Director)

Non-executive directors:
Kamil Patel (Chairperson), Herman Singh, Johan Nel, Andrew Murgatroyd, Marichen Mortimer, Christopher Crowe,
Dr Sidharth Sharma

Registered office:
Navitas House, Robinson Lane, Floreal, Mauritius

Designated advisor:
Java Capital
6th Floor, 1 Park Lane, Wierda Valley, Sandton, 2196

Company secretary:
Navitas Management Services Limited C/o Navitas Management Services Limited, Navitas House, Robinson Lane,
Floreal, Mauritius

Transfer Secretary:
JSE Investor Services South Africa (Pty) Ltd

28 March 2022


Designated advisor
Java capital

Date: 28-03-2022 11:40:00
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