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LIGHTHOUSE CAPITAL LIMITED - Condensed unaudited consolidated interim financial statements for the 3 and 9 months ended 30 June 2019

Release Date: 07/08/2019 14:03
Code(s): LTE     PDF:  
 
Wrap Text
Condensed unaudited consolidated interim financial statements for the 3 and 9 months ended 30 June 2019

Lighthouse Capital Limited
(formerly Greenbay Properties Ltd)
Incorporated in the Republic of Mauritius on 14 August 2014
Reg No C124756 C1/GBL ISIN MU0461N00015
SEM share code: GFP.N0000 and
JSE share code: LTE
("Lighthouse" or "the company" or "the group")

www.lighthousecapital.mu

Short-form announcement: condensed unaudited consolidated interim financial results 
for the nine months ended 30 June 2019

Lighthouse is a Category One Global Business Licence company registered in 
Mauritius. The company has primary listings on both the Official Market of the 
Stock Exchange of Mauritius Ltd ("SEM") and the Main Board of the Johannesburg 
Stock Exchange Limited ("JSE"). Lighthouse invests globally in direct property and 
listed real estate and infrastructure securities.

                                          Unaudited          Restated
                                            for the           for the
                                        nine months       nine months 
                                              ended             ended    Movement
                                           Jun 2019          Jun 2018           %
Total revenue (EUR)                      21 815 928        21 616 248         0.9
Basic and diluted (loss)/earnings 
per share (EUR cents)                         (6.44)             4.82      (233.6) 
Headline (loss)/earnings and
diluted headline (loss)/earnings 
per share (EUR cents)                         (6.41)             3.85      (266.5) 
Distribution (EUR cents per share)                -                 -           -
Management account information:
Net asset value per share
(EUR cents)                                   53.27            188.12*      (71.7)
Gearing (%) #                                  30.9              35.1       (12.0)

* Adjusted for share consolidation on a 1 for 20 basis.

# Gearing is calculated by dividing total interest-bearing borrowings, adjusted for 
cash on hand and equity swap derivative margin, by the total of investments 
in property, listed securities and loans advanced.

The distribution guidance, and the assumptions on which this was based, as 
previously announced in the company's condensed unaudited consolidated interim 
financial results for the six months ended 31 March 2019, remain unchanged.

This short-form announcement is the responsibility of the directors and is only a 
summary of the information in the full announcement and does not include full or 
complete details.The full announcement was released on SENS on 7 August 2019 
and can be accessed by visiting the company's website at 
https://www.lighthousecapital.mu/financials/ or by following this hyperlink:

https://senspdf.jse.co.za/documents/2019/jse/isse/LTEE/FY_Q32019.pdf

The full announcement is available for inspection at the registered offices of the 
company or its sponsor, at no charge, during office hours from Thursday, 
8 August 2019 to Thursday, 15 August 2019. Any investment decision should be based 
on the full announcement published on SENS and available on the company's website.

By order of the board

Intercontinental Trust Ltd
Company secretary

Mauritius - 7 August 2019

Directors:
Mark Olivier (chairman); Stephen Delport (CEO)*; Justin Muller*; Kobus van Biljon*; 
Jan Wandrag*; David Axten; Karen Bodenstein; Paul Edwards; Barry Stuhler; 
(*executive director)

There were no changes to the board during the quarter. 

Company Secretary: 
Intercontinental Trust Ltd

Registered address: 
C1-401, 4th Floor, La Croisette, Grand Baie, Mauritius

Transfer secretary in South Africa: 
Link Market Services South Africa Proprietary Ltd

JSE sponsor: 
Java Capital

SEM authorised representative and sponsor: 
Perigeum Capital Ltd

Date: 07/08/2019 02:03:00
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