INTERIM
2022 RESULTS
Mohsin Tajbhai
Chief Executive Officer
Jayson October
Chief Financial Officer
- SALIENT FEATURES
- FINANCIAL REPORT
- INVESTMENT OVERVIEW
- CLOSING
- Q&A
AGENDA
2
SALIENT
FEATURES R9.6m decrease in revenue from continuing operations
Dec 2021
R6.0m increase in EBITDA from continuing operations
R8.8m increase in NPAT from continuing operations to R16.5m
R24.7m increase in headline earnings
15% decrease in corporate costs R102.1m decrease in total debt
88c Dividend paid
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3
PERFORMANCE AGAINST STRATEGIC OBJECTIVES
1
Maximize
Value
- Special dividend - 88c
- Largest dividend ever paid
Return
Capital
- Closed BKSA/GFMP transactions - 3rd November 2021
- Exit Non-core assets - Properties
- Exit Mac Brothers
- Exit Spur
3 | 2 | v | Total debt reduced by R102m | |
Reduce | v Head office costs reduced by | |||
Gearing/ | 15% | |||
Costs |
4
FINANCIAL REPORT
Condensed Group
Statement of
Comprehensive
Income
Dec 2021 | Dec 2020 | Movement | |
(R'000) | (R'000) | (R'000) | |
Continuing operations | 58,944 | (9,580) | |
Revenue | 49,364 | ||
Cost of Sales | (28,833) | (39,815) | 10,982 |
Gross Profit | 20,531 | 19,129 | 1,402 |
Operating costs | (41,526) | (36,064) | (5,462) |
Profit from equity-accounted investments | 50,752 | 33,599 | 17,153 |
EBITDA Before Non-trading items | 29,757 | 16,664 | 13,093 |
Profit on sale of investment property | - | 7,091 | (7,091) |
EBITDA | 29,757 | 23,755 | 6,002 |
Depreciation | (4,470) | (4,483) | 13 |
Amortisation | (11) | (16) | 5 |
Profit before finance costs and taxation | 25,276 | 19,256 | 6,020 |
Finance income | 2,785 | 310 | 2,475 |
Finance costs | (10,956) | (11,169) | 213 |
Profit/(loss) before taxation | 17,105 | 8,397 | 8,708 |
Taxation | (599) | (652) | 53 |
Profit/(loss) for the year | 16,506 | 7,745 | 8,761 |
Discontinued operations | |||
Profit/(Loss) after tax from discontinued | 965 | (9,647) | 10,612 |
operations | |||
Profit/(loss) for the year | 17,471 | (1,902) | 19,373 |
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Grand Parade Investments Limited published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 10:15:50 UTC.