|
2001
Share Code: SNR
ISIN Code : ZAE000006821
("Sondor")
Registration number 1987/003475/06
(Incorporated in the Republic of South Africa)
Abridged Income Statement
Unaudited Unaudited Audited
6 months 6 months 12 months
ended ended ended
25.6.2001 23.6.2000 31.12.2000
R'000 R'000 R'000
Turnover 35 976 30 086 65 457
Operating profit 4 070 3 477 9 664
Loss on Zimbabwe investment - (564) (292)
Depreciation (1 036) (1 116) (2 132)
Net financing income 527 335 843
Net income before taxation 3 561 2 132 8 083
Taxation 1 069 818 2 629
Net income after taxation 2 492 1 314 5 454
Dividends 996 - 1 308
1 496 1 314 4 146
Transfer from/(to) non-distributable
Reserve 112 - (22)
Retained earnings at
beginning of period 28 470 24 346 24 346
Retained earnings at end of period 30 078 25 660 28 470
Earnings per share (cents) 10,4 5,5 22,6
Headline earnings per share (cents) 10,4 7,8 23,9
Abridged Balance Sheet
capital employed
Shareholders' equity 31 857 27 900 30 360
Deferred taxation 1 925 2 030 1 925
Long term liabilities (interest
bearing) 73 268 163
33 855 30 198 32 448
EMPLOYMENT OF CAPITAL
Fixed assets 15 867 14 580 14 040
Net current assets 17 988 15 618 18 408
Current assets 17 653 17 110 16 912
Bank and cash 9 761 7 607 12 639
Current liabilities
(interest bearing) (180) (180) (180)
Current liabilities (non-interest
bearing) (9 246) (8 919) (10 963)
33 855 30 198 32 448
Net asset value per share (cents) 132,7 116,3 126,5
Abridged Cash Flow
Cash generated by operating
Activities 62 248 6 974
Cashflow from investing
activities (2 850) 542 (1 047)
Cashflow from financing activities (90) (75) (180)
Net cashflow (2 878) 715 5 747
Cash and cash equivalents at
beginning of period 12 639 6 892 6 892
Cash and cash equivalents at end of
period 9 761 7 607 12 639
Changes in Shareholders' Equity
Shareholders' equity at beginning
of period 30 361 27 114 27 114
Net income after taxation 2 492 1 314 5 454
Distribution to shareholders (996) (528) (2 208)
Shareholders' equity at end of
period 31 857 27 900 30 360
Capital expenditure 2 867 665 1 149
Capital commitments 2 141 2 326 3 658
Operating lease commitments 17 748 20 421 19 110
Financial Results
The Company continued to achieve excellent results for the period under
review, with the most significant growth derived from exports.
n Turnover up by 19,6%.
n Operating profit up by 17,1%.
n Headline earnings up by 33,3%.
Prospects
We will continue to focus on exports for future growth. The additional
manufacturing capacity will be commissioned by year-end. New diversified
processes introduced into our local branches will also enhance turnover.
Dividend Distribution
The directors are pleased to announce an amount of R996 000, equivalent to
4,15c per share, to be paid to shareholders registered in the books of the
Company at the close of business on 14 September 2001.
Cheques in respect of the above, payable in South African Rands, will be
posted on or about 21 September 2001.
Notes
1. The calculation of earnings per share is based on the Group's net profit
after taxation and is calculated on the basis of 24 000 000 shares in issue.
2. Headline earnings per share are calculated as per the requirements of
AC306 and on the basis of 24 000 000 shares in issue.
3. Segmental information and seasonality of operations is not applicable
due to the nature of the business.
On behalf of the Board
D A BUCHANAN
Chairman
L JORDAAN
Managing Director
Cape Town,
31 August 2001
Secretary and Registered Office Transfer and Certification Office
Helen J Middleton Computershare Services Limited
Inyoni Street, Nodabeni PO Box 61051
Maitland, 7405 Marshalltown 2107
These results can be viewed on the Internet at www.sondor.co.za
| 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 ] | |||||||||||||
|
|||||||||||||
