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CMG
CMG
Cenmag - Unaudited group results of Cenmag and its Subsidiaries
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 2006 ARE SET OUT BELOW
HEADLINE EARNINGS PER SHARE -IN 3.11 31.08.06 1.37 31.08.05
CENTS
EARNINGS PER SHARE - IN 3.11 31.08.06 1.37 31.08.05
CENTS
FOR 6 MONTHS AS AT
GROUP INCOME 31 ST 30TH ABRIDGED 31 ST 30TH
OF OF OF OF
STATEMENT AUGUST BALANCE AUGUST
SHEET
2006 2005 2006 2005
R 000 R 000 R 000 R 000
GROSS REVENUE 10518 12203 ASSETS
COST OF SALES 7671 9314 NON-CURRENT ASSETS
GROSS PROFIT 2847 2889 FIXED 1319 2212
ASSETS
OPERATING COSTS 2277 2407 LOANS RECEIVABLE 109 166
OPERATING INCOME 570 482 CURRENT ASSETS 8690 10620
DEPRECIATION 71 150 10118 12998
OPERATING INCOME 499 332
NET FINANCE COSTS 75 154 EQUITY AND
LIABILITIES
PROFIT BEF.TAX 424 178 CAPITAL AND 6803 5783
RESERVES
TAXATION 117 53 MINORITY INTEREST 383 366
PROFIT AFT.TAX 307 125 INTEREST BEARING LIABILI-
MINORITY INTEREST 8 2 TIES-LONG AND SHORT 248 3638
PROFIT ATTRIBUTA- INTEREST FREE 2684 3211
LIABILITIES
BLE TO 299 123 10118 12998
SHAREHOLDERS
STATEMENT OF CHANGES SHARE SHARE ACCUMULATED TOTAL
IN EQUITY CAPITAL PREMIUM PROFIT
BALANCE 1.3.2005 96 2090 3583 5769
NET PROFIT FOR 735 735
THE YEAR
BALANCE 28.2.2006 R"000 96 2090 4318 6504
NET PROFIT FOR 299 299
THE 6 MONTHS
BALANCE 31.8.2006 96 2090 4617 6803
2006 2005
GROUP CASH FLOW R"000 R"000
STATEMENT
Cash flows from operating 1403 328
activities
Cash flows from investing 4999 -8
activities
Cash effects of financing -3333 -673
activities
Net decrease in cash and 3069 -353
cash equivalents
Cash (-overdraft) at the -2869 -2516
beginning of year
Cash (-overdraft) at the 200 -2869
end of period
COMMENT
Increase in our group operating profit after tax by 145.6%, is due to better
management of our existing resources and reduction in the overall operating
costs.Another contributing factor was the relocation and consolidation of two
of our companies .Our gross profit margins has also improved from 23.67% to
27.07%
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 our 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.
Registered Office:
Cenmag House, 12 Harold Flight,Jet Park,PO Box 870,Isando 1600
Directors: V.Farkas, C.J.B.Le Roux .B.I.Mazibuko
Johannesburg
17th November, 2006
Date: 17/11/2006 03:00:04 PM Produced by the JSE SENS Department
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