Pals Holdings Limited - Financial Results For Year
Financial Results for the Year Ended 30 June 2001
CONSOLIDATED INCOME STATEMENT (Audited) (Audited)
12 months to 12 months to
30 June 2001 30 June 2000
R'000 R'000
Turnover 58 906 51 001
Operating (loss)/profit 4 261 1 980
Net finance cost (1 103) (902)
(Loss)/Profit before abnormal item
and taxation 3 158 1 078
Net income before taxation 3 158 1 078
Taxation - Deferred 189 -
Earnings attributable to ordinary
shareholders 3 347 1 078
Ordinary shares in issue (000's) 10 000 10 000
Earnings per share (cents) 33.5 10.8
Headline (loss)/earnings
per share (cents) 33.5 10.8
Dividend per share (cents)
Interim Dividend - -
Final Dividend 10.0 4.0
CONSOLIDATED BALANCE SHEET (Audited) (Audited)
12 months 12 months
to 30 June to 30 June
2001 2000
R'000 R'000
Capital Employed
Shareholder's interest 15 669 12 322
Long term liabilities 1 330 1 529
16 999 13 851
Employment of capital
Fixed Assets 4 458 4 253
Investments 370 344
Net current assets 12 171 9 254
Current assets 29 510 18 634
Less: Current liabilities 17 339 9 380
16 999 13 851
COMMENTS
The Group achieved a 15.5% increase in turnover during the year.
Net operating income increased significantly, largely due to an increase in
exports.
The local market, however, remains under pressure.
Dividend:
The Board of Directors has decided to declare a dividend of 10 cents per
share to ordinary shareholders registered in the books of the Company at the
close of business on Friday, 12 October 2001.
The salient dates for the declaration and payment of the dividend are as
follows:
Last date to trade ordinary shares cum dividend Friday 5 October 2001
Ordinary shares trade ex dividend Monday 8 October 2001
Record Date Friday 12 October 2001
Payment Date Monday 15 October 2001
Share certificates may not be dematerialized between Monday, 1 October 2001
and Friday, 12 October 2001, both days inclusive.
For and on behalf of the Board of Director
SR Kagan (Chairman)
H. Noik
Cape Town
19 September 2001
TRANSFER SECRETARIES
Ultra Registrars (Pty) Ltd
11 Diagonal Street
Johannesburg
2001
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