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COMBINED MOTOR HOLDINGS LIMITED - Abridged results for the year ended 28 February 2021

Release Date: 04/05/2021 09:30
Code(s): CMH     PDF:  
Wrap Text
Abridged results for the year ended 28 February 2021

Combined Motor Holdings Limited
(Registration number: 1965/000270/06) 
(Share code: CMH) 
(ISIN: ZAE000088050) 
("the Company" or "the Group")


                                                              28 February     29 February      Change
                                                                     2021            2020           %
Total assets                                       (R'000)      3 274 003       3 650 301       (10,3)
Cash resources                                     (R'000)        754 825         659 622        14,4
Net asset value per share                          (cents)          1 216           1 090        11,6
Revenue                                            (R'000)      8 579 558      11 156 167       (23,1)
Operating profit                                   (R'000)        345 045         417 280       (17,3)
Net profit attributable to ordinary shareholders   (R'000)        168 763         190 519       (11,4)
Return on shareholders' funds                          (%)           19,6            24,3       (19,3)
Basic earnings per share                           (cents)          225,6           254,7       (11,4)
Headline earnings per share                        (cents)          230,4           254,8        (9,6)
Dividends paid per share                           (cents)          100,0           176,0       (43,2)
Dividend declared per share, payable June 2021     (cents)          125,0               -

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
complete details. Any investment decision should be based on the full announcement which can be found on the Company's website at and at the
following link The full announcement is also available for inspection at the Company's registered
office, and copies thereof may be requested at no charge, during office hours by phoning the Company Secretary on +27 31 5804200.

The consolidated financial statements for the year ended 28 February 2021 have been audited by the company's auditors, PricewaterhouseCoopers Inc, who expressed an
unmodified opinion thereon. The audit opinion also includes communication of key audit matters. The audit opinion is available along with the financial statements, and
the summary financial results on the Company's website at

Dividend declaration
Notice is hereby given that a dividend (dividend number 65) of 125 cents per share will be paid on Monday, 14 June 2021 to members reflected in the share register of
the Company at the close of business on the record date, Friday, 11 June 2021. Last day to trade cum dividend is Tuesday, 8 June 2021. First day to trade ex dividend
is Wednesday, 9 June 2021. Share certificates may not be dematerialised or rematerialised from Wednesday, 9 June 2021 to Friday, 11 June 2021, both days inclusive.
The number of ordinary shares in issue at the date of the declaration is 74 801 998. Consequently, the gross dividend payable is R93 502 498 and will be distributed from
income reserves. The dividend will be subject to dividend withholding tax at a rate of 20%, which will result in a net dividend of 100 cents per share to those shareholders
who are not exempt in terms of section 64F of the Income Tax Act.

4 May 2021

PricewaterhouseCoopers Corporate Finance (Pty) Ltd

Date: 04-05-2021 09:30:00
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