| Fri 9 Mar 2001, 0:00 | | Alex White Holdings Limited - Interim Financial Re |
|
ALEX WHITE HOLDINGS LIMITED
(REGISTRATION NUMBER 1949/035016/09)
INTERIM RESULTS FOR THE 6 MONTHS ENDED 31 DECEMBER 2000
CONSOLIDATED INCOME STATEMENT
Unaudited Unaudited
6 Months 6 Months Audited
to to Year ended
31.12.00 31.12.99 30.6.00
R 000 R 000 R 000
REVENUE 63,206 57,976 117,056
OPERATING PROFIT 5,217 5,352 10,463
Interest (1,861) (1,978) (3,973)
Depreciation (2,470) (2,562) (4,946)
PROFIT BEFORE EXCEPTIONAL ITEM 886 812 1,544
Exceptional item (150) (1,016) (1,191)
PROFIT (LOSS) BEFORE TAXATION 736 (204) 353
Taxation (206) 50 (160)
NET PROFIT (LOSS)
ATTRIBUTABLE TO ORDINARY
SHAREHOLDERS 530 (154) 193
Shares in issue 18,125 18,125 18,125
Profit (1022) per share (cents) 2.9 (0.8) 1.1
ABRIDGED CONSOLIDATED 13ALANCE SHEET
31.12.00 31.12.99 30.6.00
R 000 R 000 R 000
ASSETS
Fixed assets 31,085 35,013 32,948
Goodwill arising on
acquisition of subsidiaries 192 192 192
Investments 12 12 12
Deferred taxation 259 465
Current assets 42,150 39,542 45,250
TOTAL ASSETS 73,698 74,759 78,867
EQUITY AND LIABILITIES
Shareholders, funds 28,952 27,207 28,439
Deferred taxation 517
Non-current liabilities
Interest bearing borrowings 4,755 5,674 3,208
Current liabilities 39,991 41,361 47,220
TOTAL EQUITY AN:) LIABILITIES 73,698 74,759 78,867
Net tangible asset value per
share (cents) 149 137 145
COMMENTS
1. 0verall trading conditions in the fast moving consumer goods are na in which
the Group operates showed no improvement in the first six months of the
financial year. Exports helped to counter the negativity in the local market
and efforts continue in order to expand cur activities in Africa.
2. The Group's turnover for the period was 9,8% better than the same period in
the previous year. Headline earnings amounted to R5 217 000(R 5 352 000), the
small decrease being in line with expectations. The net profit before tax of
R736 000 after depreciation of R 2 470 000 and interest of R 1 861 000 showed
an improvement of R 940 000 compared to the same period in the previous year.
3.The outlook for the second halt of the year remains conservative in view of
the very quiet trading conditions experienced by our customers in January and
February.
On behalf of the Board
T P Kane (Executive Chairman)
Johannesburg
P J Kane (Financial Director)
Paarl
09 March 2001
REGISTERED OFFICE
22 Yaron Avenue, Lea Glen, Roodepoort, 1709
(P 0 Box 825, Florida, 1710)
TRANSFER SECRETARIES
Mercantile Registrars Limited
