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Kwv Investments Limited - Interim Profit Announcement And Dividend Declaration
KWV Investments Limited
(Reg No 1979/007263/06)
JSE share code: KWV
ISIN number: ZAE000004016
Interim profit announcement and dividend declaration for the six months ended 31
December 2004
Unaudited Audited
Six months Year
ended ended
31 December 30 June
2004 2003 2004
R`000 R`000 R`000
Income from associate 87 761 66 434 108 056
- dividends received 29 924 20 536 47 526
- share of retained earnings 57 837 45 898 60 530
Dilution of investment
in associate - - (1 697)
Interest received 49 13 20
Administrative expenses (293) (333) (696)
Profit before taxation 87 517 66 114 105 683
Taxation (15) (4) (6)
Net profit attributable to ordinary
shareholders 87 502 66 110 105 677
Headline earnings reconciliation
Net profit attributable to ordinary
shareholders 87 502 66 110 105 677
Share in adjustments (net of taxation)
of associate (28) (203) (587)
Dilution of investment in associate - - 1 697
Headline earnings 87 474 65 907 106 787
Ordinary shares issued (thousands) 42 000 42 000 42 000
Cents Cents Cents
Earnings per share
- attributable earnings 208,3 157,4 251,6
- headline earnings 208,3 156,9 254,3
Dividend declared per share 77,896 64,262 133,812
- interim 77,896 64,262 64,262
- final - - 69,550
Particulars of associate company
The main asset of the company is an effective interest of 29,88% (2003: 30%) in
the issued share capital of Distell Group Limited (Distell). Each share of KWV
Investments Limited represents 1,391 issued shares in Distell. The dividend
income of KWV Investments Limited is sourced solely from this company.
For more comprehensive financial information readers are referred to Distell`s
interim results, published on 17 February 2005.
Declaration of interim dividend
The directors have resolved to declare an interim dividend of 77,896 cents per
share.
Last day to trade `cum` dividend Friday 11 March 2005
Trading `ex` dividend commences Monday 14 March 2005
Record date Friday 18 March 2005
Dividend payment date Tuesday 22 March 2005
Share certificates may not be dematerialised or rematerialised between Monday 14
March 2005 and Friday 18 March 2005, both days inclusive.
Interim financial report
The interim financial report was approved by the directors on 21 February 2005
and will be posted to shareholders before the end of March 2005.
Signed on behalf of the board of directors
D de Wet W J Barnard
Chairman Director
Paarl
21 February 2005
Sponsor: PSG Capital Limited
KWV Investments Limited is a subsidiary of KWV Limited
Date: 21/02/2005 04:36:02 PM
Produced by the JSE SENS Department
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