MUSTEK LIMITED - Unaudited results for the six months ended 31 December 2023

Unaudited results for the six months ended 31 December 2023

MUSTEK LIMITED 
Incorporated in the Republic of South Africa,
Registration number: 1987/070161/06
JSE share code: MST 
ISIN: ZAE000012373
("Mustek" or "the Group" or "the Company")

SHORT-FORM ANNOUNCEMENT: RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2023

Highlights
- Basic earnings per share 91.02 cents down 58.5% (31 December 2022: 219.35 cents)
- Gross profit % decreased to 13.4% (31 December 2022: 14.1%)
- Revenue R4.27 billion down 13.0% (31 December 2022: R4.91 billion)
- Operating profit R180.60 million, down 25.3% (31 December 2022: R241.68 million)
- Net asset value per share 2 725.09 cents up 5.5% (31 December 2022: 2 275.24 cents)
- Headline earnings per share 91.34 cents down 58.81% (31 December 2022: 221.74 cents)

The information has been extracted from the unaudited results for the six months ended 
31 December 2023 and this announcement itself has not been reviewed or reported on by 
Mustek's external auditors.

This short-form announcement is the responsibility of the directors. It is only a 
summary of the information contained in the full announcement and does not contain full 
or complete details. Any investment decision should be based on the full announcement, 
which can be accessed from Tuesday, 6 March 2024, using the following JSE link:
https://senspdf.jse.co.za/documents/2024/jse/isse/MST/Int24.pdf

Alternatively, the full announcement is available on our website at
https://mustek.co.za/financial/. The full announcement is also available for inspection 
at Mustek's registered office on weekdays from 09:00 to 16:00, and copies thereof may 
be requested free of charge at ltd@mustek.co.za

For and on behalf of the Board of directors

Hein Engelbrecht                          Shabana Aboo Baker Ebrahim 
Group Chief Executive Office              Group Financial Director (preparer of Group results)

6 March 2024
Midrand

CORPORATE INFORMATION

Company secretary: Sirkien van Schalkwyk, Block B, Office 107, The Park Shopping Centre, 
837 Barnard Street, Elarduspark, 0181 
PO Box 4896, Rietvalleirand, 0174
Telephone: +27 (0)12 751 6000

Transfer secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers, 
15 Biermann Avenue, Rosebank, 2196
Private Bag X9000, Saxonwold, 2132
Telephone: +27 (0)11 370 5000

Registered office: 322 15th Road, Randjespark, Midrand, 1685

Postal address: PO Box 1638, Parklands, 2121

Contact details: Telephone: +27 11 237 1000, Facsimile: +27 11 314 5039, Email: ltd@mustek.co.za

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

www.mustek.co.za

Date: 06-03-2024 08:00:00
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