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ZARCLEAR HOLDINGS LIMITED - Unaudited condensed consolidated results for the six months ended 31 December 2020

Release Date: 08/03/2021 15:20
Code(s): ZCL     PDF:  
Wrap Text
Unaudited condensed consolidated results for the six months ended 31 December 2020

ZARCLEAR HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/013674/06)
Share code: ZCL ISIN: ZAE000249645
("Zarclear" or "the Group" or "the Company")


SHORT-FORM ANNOUNCEMENT: UNAUDITED CONDENSED CONSOLIDATED RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2020


HIGHLIGHTS
 -    NAV of 441 cents per share (31 December 2019: 559 cents) (30 June 2020: 600 cents)
 -    Capital reduction distribution of 190 cents per share executed in December 2020 amounting to R429,5 million.
 -    Operating profit from earnings-focused segment (market-infrastructure and regulation technology investments) 
      of R1,9 million (31 December 2019: R7,2 million) (30 June 2020: loss of R23,7 million)
 -    Further disposal of 3 093 744 shares in Stenprop Limited realising R82,7 million

FINANCIAL RESULTS
                                                                 Unaudited           Unaudited            Audited
                                                                 six-month          nine-month           15-month
                                                                 period to           period to          period to
                                                               31 December         31 December            30 June
                                                                      2020                2019               2020
                                                                    R'000s              R'000s             R'000s
Income from portfolio investments                                  165 194              88 528             68 713
Fee income                                                          19 435              28 987             52 087
Total comprehensive income for the period                           71 584              52 041            147 081
Net asset value per share (cents)                                      441                 559                600
Basic and diluted earnings                                         110 454              67 925             45 630
Headline earnings                                                  110 454              67 925             51 493
Weighted average ordinary shares in issue                      226 065 696         226 065 696        226 065 696
Basic and diluted earnings per share (cents)                         48.86               30.05              20.18
Headline earnings per share (cents)                                  48.86               30.05              22.78
Capital reduction distribution per share (cents)                       190                   -                  -

This short-form announcement is the responsibility of the board of directors of Zarclear. This announcement is a 
summary of the information in the full announcement released on SENS, available on the JSE website at 
https://senspdf.jse.co.za/documents/2021/jse/isse/ZCLE/interim21.pdf and published on the Company's website 
(http://www.zarclear.com) on 8 March 2021, has not been reviewed by the Company's auditors and does not contain full 
or complete details. Any investment decision by investors and/or shareholders should be based on consideration of 
the full announcement. Copies of the full announcement may be requested by emailing the Company at mandym@zarclear.com.

Paul Baloyi                                                 Warren Chapman                         Andrew Hannington
Non-executive Chairman                                      CEO                                    CFO
8 March 2021

Directors: Paul Baloyi* (Chairman); Warren Chapman (CEO);
Andrew Hannington (CFO); Fatima Vawda*;
Amanda Munro-Smith; Kgosie Matthews*
(*Independent non-executive)

Registered office: 9th Floor, Katherine Towers, 1 Park Lane
Wierda Valley, Sandton, 2196
(PO Box 55312, Northlands, 2116)
Telephone: +27 11 722 7516

Company Secretary: CIS Company Secretaries Proprietary Limited,
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196, 
(PO Box 61051, Marshalltown, 2107)

Transfer Secretaries: Computershare Investor Services Proprietary
Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
(Private Bag X9000, Saxonwold, 2132)

Sponsor: Java Capital: 6th Floor, 1 Park Lane, Wierda Valley
Sandton, 2196, Johannesburg (PO Box 522606, Saxonwold, 2132)

Date: 08-03-2021 03:20:00
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