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Results And Dividend Declaration For The Year Ended 31 December 2019
CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06
Share code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)
RESULTS AND DIVIDEND DECLARATION FOR THE YEAR ENDED 31 DECEMBER 2019
1. SALIENT FEATURES
Revenue increased by 18% to R2 944 million, from R2 496 million in the prior
corresponding period.
Earnings before interest, taxation, depreciation and amortisation (“EBITDA”) increased
by 11% to R 693 million, from R 627 million in the prior corresponding period.
Headline earnings per share increased by 2% to 61.1 cents per share, from the 60.1 cents
per share in the prior corresponding period.
Earnings per share decreased by 18% to 49.0 cents per share, from the 60.0 cents per
share in the prior corresponding period.
Recurring headline earnings decreased by 15% to R 212 million, from the R 248 million
in the prior corresponding period.
Recurring headline earnings per share decreased by 15% to 51.0 cents per share, from
the 60.1 cents per share in the prior corresponding period.
Dividend per share decreased by 15% to 10.2 cents per share, from the 12.0 cents per
share in the prior corresponding period.
2. DIVIDEND DECLARATION
It is the board’s policy to pay 20% of recurring headline earnings as an annual dividend.
The board has accordingly resolved to pay a final dividend of 10.2 cents per share (2018:
12 cents per share) from income reserves for the year ended 31 December 2019.
The dividend amount, net of South African dividend tax of 20%, is 8.16 cents per share.
The number of ordinary shares in issue at the declaration date is 412 087 989, and the
income tax number of the Company is 915/907/00/29.
The salient dates for this dividend distribution are:
Declaration date Tuesday 25 February 2020;
Last day to trade cum dividend Tuesday, 10 March 2020
Trading ex-dividend commences Wednesday, 11 March 2020
Record date Friday, 13 March 2020
Payment date Monday, 16 March 2020
Share certificates may not be dematerialised or rematerialised between Wednesday, 11
March 2020 and Friday, 13 March 2020, both days inclusive.
3. SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It
contains only a summary of the information in the full announcement (‘Full
Announcement”) and does not contain full or complete details. The Full Announcement
can be found at: https://senspdf.jse.co.za/documents/2020/JSE/ISSE/COH/Final 19.pdf
Copies of the Full Announcement is also available for viewing on the Company’s website
at https://www.curro.co.za/corporate/financial-results/financial-year-2019/ or may be
requested in person, at the Company’s registered office or the office of the sponsor, at no
charge, during office hours.
Any investment decisions by investors and/or shareholders should be based on
consideration of the Full Announcement, as a whole.
These annual results have been audited by the Company’s auditors,
PricewaterhouseCoopers Inc. who expressed an unmodified audit opinion thereon. That
report also includes communication of key audit matters. This opinion is available, along
with the annual financial statements on the Company’s website at
https://www.curro.co.za/corporate/financial-results/financial-year-2019/
25 February 2020
Sponsor
PSG Capital
Date: 25-02-2020 07:05:00
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