Wed 11 Oct 2023, 17:40 | | REX TRUEFORM GROUP LIMITED - Short-form announcement: Reviewed condensed consolidated financial statements for the year ended 30 June 2023 |
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Short-form announcement: Reviewed condensed consolidated financial statements for the year ended 30 June 2023
REX TRUEFORM GROUP LIMITED
Incorporated in the Republic of South Africa
Registration Number: 1937/009839/06
JSE share codes: RTO - RTN - RTOP
ISIN: ZAE000250387 - ZAE000250395 - ZAE000250403
("the company" or "Rex Trueform")
SHORT-FORM ANNOUNCEMENT:
REVIEWED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
Rex Trueform is an investment holding company incorporated in South Africa and listed on
the JSE Limited ("JSE") in the "apparel retailers" sector. The company has investments in
fashion retail, property, media and broadcasting and water infrastructure.
FINANCIAL HIGHLIGHTS
- Revenue increased by 35.1% to R899.3 million (2022: R665.7 million)
- Gross profit margin % decreased to 49.3% (2022: 54.7%)
- Operating profit increased by 61.0% to R139.6 million (2022: R86.7 million)
- Earnings per share increased by 39.8% to 394.8 cents (2022: 282.4 cents)
- Headline earnings per share increased by 52.2% to 399.4 cents (2022: 262.5 cents)
- Net asset value per share increased by 28.6% to R19.49 (2022: R15.15)
- Ordinary dividend per share paid amounted to nil cents (2022: nil cents)
This short-form announcement is the responsibility of the company's directors and is a summary of the
information in the company's full results released on 11 October 2023 and does not contain full or
complete details. Prior year figures have been restated as a result of a re-measurement subsequent to
the finalisation of fair values of assets and liabilities recognised due to a business acquisition. The
auditor, PricewaterhouseCoopers Inc., has issued an unmodified review conclusion. In order to obtain a
full understanding of the nature of the auditor's engagement and more specifically, the nature of the
information that has been reviewed, a copy of the condensed consolidated financial statements
should be obtained which includes the auditor's review report. Furthermore, any investment decisions
should be based on the full results which together with the auditors review report are available on the
following links:
Company: https://rextrueform.com/wp-content/uploads/2023/10/REX-TRUEFORM-2023-REVIEWED-CONDENSED-CONSOLIDATED-
FINANCIAL-STATEMENTS.pdf
JSE: https://senspdf.jse.co.za/documents/2023/jse/isse/RTO/FY2023.pdf
Copies of the full results announcement may be requested at the company's registered office or at the
office of the sponsor, Java Capital, during normal business hours from Thursday, 12 October 2023 until
Thursday, 19 October 2023 at no charge, or from the company secretary directly at legal@rextrueform.com.
PM Naylor MA Golding
(Chairman) (Chief Executive Officer)
Cape Town - 11 October 2023
Directors: PM Naylor* (Chairman), MA Golding (Chief Executive Officer), D Franklin (Chief Financial Officer), CL Lloyd, HB Roberts*,
LK Sebatane*, MR Molosiwa*
*Independent non-executive
Registered office: 263 Victoria Road, Salt River, Cape Town, 7925
Company secretary: A Gihwala
Transfer secretaries: Computershare Investor Services Proprietary Limited:
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
Sponsor: Java Capital Trustees and Sponsors Proprietary Limited:
6th Floor, 1 Park Lane, Weirda Valley, Sandton, 2196
www.rextrueform.com www.telemedia.co.za www.queenspark.com www.saww.co.za
Date: 11-10-2023 05:40:00
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