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Cenmag - Unaudited Group Results for the 6 months ended 31 August 2005
Cenmag Holdings Limited
(Co.Reg.1987/004821/06)
(Share code: CMG & ISIN: ZAE000001533)
THE UNAUDITED GROUP RESULTS OF CENMAG AND ITS SUBSIDIARIES FOR THE 6 MONTHS
ENDED 31 AUGUST, 2005.
6 MONTHS 6 MONTHS
GOUP INCOME 31 ST OF 30 TH OF
STATEMENT AUGUST AUGUST
2005 2004
R000 R000
GROSS REVENUE 12203 13414
COST OF SALES 9314 10449
GROSS PROFIT 2889 2965
OPERATING COSTS 2407 2518
OPERATING INCOME 482 447
DEPRECIATION 150 185
OPERATING INCOME 332 262
NET FINANCE COSTS 154 161
PROFIT BEFORE TAX 178 101
TAXATION 53 30
PROFIT AFTER TAX 125 71
MINORITY INTEREST 2 2
PROFIT ATTRIBUTABLE TO
SHAREHOLDERS 123 69
6 MONTHS 6 MONTHS
ABRIDGED 31 ST OF 30 TH OF
BALANCE SHEET AUGUST AUGUST
2005 2004
R000 R000
ASSETS
NON-CURRENT ASSETS
FIXED ASSETS 2212 2488
LOANS RECEIVABLE 166 166
CURRENT ASSETS 10620 11786
12998 14440
EQUITY AND LIABILITIES
CAPITAL AND RESERVES 5783 5738
MINORITY INTEREST 366 364
INTEREST BEARING LIABILITIES
LONG AND SHORT TERM 3638 4182
INTEREST FREE LIABILITIES 3211 4156
12998 14440
HEADLINE EARNINGS PER
SHARE -CENTS 1.37 0.72
EARNINGS PER SHARE
-CENTS 1.37 0.72
STATEMENT OF SHARE SHARE ACCUMULATED TOTAL CHANGES IN
EQUITY CAPITAL PREMIUM PROFIT
BALANCE 1.3.2004 96 2090 3483 5669
NET (LOSS) FOR THE YEAR -9 -9
BALANCE 28.2.2005 96 2090 3474 5660
NET PROFIT FOR 6 MONTHS 123 123
BALANCE 31.08.2004 96 2090 3597 5783
2005 2004
GROUP CASH FLOW STATEMENT R000 R000
Cash flows from operating activities 328 80
Cash flows from investing activities -8 -108
Cash effects of financing activities -673 -38
Net decrease in cash and cash equivalents -353 - 66
Cash overdraft at the beginning of year -2516 -3004
Cash overdraft at the end of period -2869 -3070
COMMENT
Increase in our group operating profit after tax by 76.06%, is due to savings
achieved, through better management of our existing resources and reduction in
labour costs.
Our operating costs have decreased for the past six months by 4.41%, which will
generate further increases in our profits for the full year.
Our group results have been prepared in accordance with International Financial
Reporting Standards and are consistent with those applied in the previous
period.
FUTURE PROSPECTS
Under current conditions and based on the outstanding orders, we anticipate a
good and profitable year. We also believe that, under normal circumstances, our
earnings per share will double for the full year.
Johannesburg
24th of November 2005.
Registered Office: 12 Harold Flight Rd., Jet Park, Boksburg.
P.O.Box 870, Isando 1600.
Directors: V.Farkas, C.J.B. Le Roux, B.I.Mazibuko
CENMAG HOUSE CENMAG HOLDINGS LIMITED
12 Harold Flight, Jet Park Reg.No.1987/004821/06
Boksburg Tel.No. (27-11)397 6870
P.O.Box 870 Fax No.(27-11)397 7515
Isando 1600 E-Mail:cenmag@hotmail.com
Date: 30/11/2005 12:53:06 PM Produced by the JSE SENS Department
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