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ARGENT INDUSTRIAL LIMITED - Unaudited and Unreviewed Interim Results and Dividend Declaration for the 6 months ended 30 September 2023

Release Date: 21/11/2023 10:30
Code(s): ART     PDF:  
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Unaudited and Unreviewed Interim Results and Dividend Declaration for the 6 months ended 30 September 2023

(Incorporated in the Republic of South Africa)
(Registration number: 1993/002054/06)
Share code: ART
ISIN: ZAE000019188
("Argent" or "the company")


 SUMMARISED GROUP FINANCIAL                              30 Sep 2023     30 Sep 2022      % change
 Income statement
 Revenue                                         R 000     1,307,477       1,203,401           8.6%
 EBITDA                                          R 000       199,065         170,044          17.1%
 Operating profit                                R 000       172,540         142,899          20.7%
 Profit for the period                           R 000       129,603         103,618          25.1%
 Statement of financial position
 Total assets                                    R 000     2,291,832       1,939,845          18.1%
 Total liabilities                               R 000       671,398         574,621          16.8%
 Total shareholders' funds                       R 000     1,620,434       1,365,224          18.7%
 Net asset value per share                       cents        2,879.2        2,438.0          18.1%
 Shares in issue
 At end of period excluding treasury              000         55,420          55,298           0.2%
 Weighted average                                 000         55,571          55,684          -0.2%
 Diluted weighted average                         000         55,571          55,684          -0.2%
 Earnings and dividends per share
 Basic earnings per share                        cents         224.2           182.7          22.7%
 Diluted earnings per share                      cents         224.2           182.7          22.7%
 Headline earnings per share                     cents         222.7           181.2          22.9%
 Diluted headline earnings per share             cents         222.7           181.2          22.9%
 Dividends per share                             cents          55.0            45.0          22.2%


The directors of the company have declared and approved an interim gross dividend of 55 cents per
share for the six-month period ended 30 September 2023 from income reserves.

The following dates will apply to the abovementioned interim dividend:

Publication of declaration data:                           Tuesday, 21 November 2023
Last day to trade cum dividend:                            Monday, 11 December 2023
Trading ex-dividend commences:                             Tuesday, 12 December 2023
Record date:                                               Thursday, 14 December 2023
Dividend payment date:                                     Monday, 18 December 2023

Share certificates may not be dematerialised or re-materialised between Tuesday, 12 December 2023
and Thursday, 14 December 2023, both days inclusive.

In determining the dividends tax of 20% to be withheld in terms of the Income Tax Act (No 58 of 1962),
those shareholders who are not exempt from the dividend tax will therefore receive a dividend of
44 cents per share net of dividend tax. The company has 55 420 340 ordinary shares in issue as at
21 November 2023 and its income tax reference number is 9096/002/71/3.

Ordinary shareholders who hold dematerialised shares will have their accounts at their CSDP or broker
credited/updated on Monday, 18 December 2023.

This short-form announcement is the responsibility of the directors of the company. It contains only a
summary of the information in the full announcement ("Full Announcement") and does not contain full
or complete details. The Full Announcement can be found at:

Any investment decisions by investors and/or shareholders should be based on consideration of the
Full Announcement, as a whole.

Copies of the full announcement are available for viewing on the company's website at:

21 November 2023

PSG Capital

Date: 21-11-2023 10:30:00
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