|
Cenmag - The Unaudited Group Results
Cenmag Holdings Limited
(CO.REG.1987/004821/06)("CMG"-ISIN:ZAE000001533)
THE UNAUDITED GROUP RESULTS OF CENMAG AND IT`S SUBSIDIARIES
FOR THE 6 MONTHS ENDED 31 AUGUST 2002 ARE SET OUT BELOW
6 MONTHS 6 MONTHS
GROUP INCOME 31ST OF 31ST OF
STATEMENT AUGUST AUGUST
2002 2001
R 000 R 000
GROSS REVENUE 17325 18676
COST OF SALES 13261 14882
GROSS PROFIT 4064 3794
OPERATING COSTS 3474 3990
OPERATING INCOME(-LOSS) 590 -196
DEPRECIATION 205 199
OPERATING INCOME(-LOSS) 385 -395
NET FINANCE COSTS 170 189
PROFIT(-LOSS) BEF.TAX 215 -584
TAXATION 47
PROFIT(-LOSS) AFT.TAX 168 -584
MINORITY INTEREST 4 5
PROFIT(-LOSS) ATTRIBUTA-
BLE TO SHAREHOLDERS 164 -589
6 MONTHS 6 MONTHS
ABRIDGED 31ST OF 31ST OF
BALANCE SHEET AUGUST AUGUST
2002 2001
R 000 R 000
ASSETS
NON-CURRENT ASSETS
FIXED ASSETS 3084 3010
LOANS RECEIVABLE 237 324
CURRENT ASSETS 12419 10991
15740 14325
EQUITY AND LIABILITIES
CAPITAL AND RESERVES 6324 5809
MINORITY INTEREST 366 373
INTEREST BEARING LIABILI-
TIES-LONG AND SHORT 4283 4053
INTEREST FREE LIABILITIES 4767 4090
15740 14325
HEADLINE EARNINGS (LOSS) - 1.71 -6.14
PER SHARE IN CENTS
STATEMENT OF
CHANGES
IN EQUITY SHARE SHARE ACCUMULATED TOTAL
CAPITAL PREMIUM PROFIT
BALANCE R`000 96 2090 3974 6160
1.3.2002
NET PROFIT FOR 164 164
THE 6 MONTHS
BALANCE 96 2090 4138 6324
31.8.2002
2002 2001
GROUP CASH FLOW STATEMENT R`000 R`000
Cash flows from operating activities 590 -196
Cash flows from investing activities 11 600
Cash effects of financing activities -170 -189
Net increase in cash and cash 431 215
equivalents
Cash overdraft at the beginning of -3707 -2970
year
Cash overdraft at the end of period -3276 -2755
COMMENT
Group operating profit is a result of a reduction in our ovearheads
and revised management of our assets.
Profit attributable to ordinary shareholders of R164 000,represents
a significant improvement on the previous loss shown by the group for
the same period. The group results have been prepared in accordance
with GAAP.
Our order book for the 2nd half of the year is full and prospects
for growth in the mining industry lead us to antici-pate at least
doubling of our profit for the year. We expect the resumption of
dividend payments after the year end.
Johannesburg Registered Office:Cenmag
House,Hertz Draai,Route 24,PO Box
870,Isando 1600
17th October 2002
Directors: V.Farkas, C.J.E.Lane,
C.J.B.Le Roux
Date: 17/10/2002 10:55:53 AM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
