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Unaudited interim results for the six-month period ended 31 August 2021
Balwin Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number:2003/028851/06)
Share code: BWN
ISIN: ZAE000209532
(“Balwin” or “the group”)
Unaudited interim results for the six-month period ended 31 August 2021
Balwin is a specialist, national residential property developer of large-scale, sectional title
estates for South Africa’s low-to-middle income population, with a focus on high quality,
environmentally efficient, affordable apartments with an innovative lifestyle offering for
residents.
Balwin’s results for the six-month period ended 31 August 2021 reflect a pleasing recovery from
the challenging market conditions experienced in the prior period owing to the Covid-19
pandemic. Operational activity has steadily recovered to pre Covid-19 levels, supported by
sustained demand for apartments.
FINANCIAL HIGHLIGHTS
Revenue Increase of 41% to R1.3 billion
Profit for the period Increase of 44% to R117.2 million
Earnings per share Increase of 44% to 24.95 cents per share
Headline earnings per share Increase of 44% to 24.95 cents per share
Net asset value per share Increase of 7% to 692.00 cents per share
DIVIDEND
Notice is hereby given that the board has declared a final gross dividend of 7.4 cents per
ordinary share (H1 2021: 19.6 cents). The prior dividend included a previously deferred dividend
that was withheld at the end of the 2020 financial year. The dividend is payable out of income
reserves for the period ended 31 August 2021 to ordinary shareholders in accordance with the
timetable below:
Declared Wednesday, 20 October 2021
Last day to trade (cum dividend) Tuesday, 7 December 2021
Ex dividend Wednesday, 8 December 2021
Record date Friday, 10 December 2021
Payment date Monday, 13 December 2021
Dividend tax amounting to 1.48 cents per ordinary share will be withheld in terms of the Income
Tax Act. Ordinary shareholders who are not exempt from dividends tax will therefore receive a
dividend of 5.92 cents net of dividends tax. The company has 472 192 592 ordinary shares in
issue. Balwin’s income tax reference number is 9058216848. Share certificates may not be
dematerialised or rematerialised between 8 December 2021and 10 December 2021, both
days inclusive.
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the board of directors of Balwin. 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:
https://senspdf.jse.co.za/documents/2021/jse/isse/BWNE/HY21.pdf
Copies of the full announcement is also available for viewing on the group’s website at
https://www.balwin.co.za/investor-relations/results-reports-webcasts/
financial-results/interim-results/ or may be requested in person, at the group’s registered
office or the office of the sponsor, Investec Bank Limited, 100 Grayston Drive, Sandown, at no
charge, during office hours.
Any investment decisions by investors and/or shareholders should be based on consideration
of the full announcement, as a whole.
The financial information contained in this publication has not been reviewed or reported on
by the company’s external auditors.
20 October 2021
Sponsor
Investec Bank Limited
Date: 20-10-2021 07:15:00
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