Wrap Text
Reviewed condensed consolidated results for the nine months ended 31 December 2019
MONTAUK HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2010/017811/06
Share code: MNK
ISIN: ZAE000197455
("Montauk" or "the Company" or "the Group")
REVIEWED CONDENSED CONSOLIDATED RESULTS
for the nine months ended 31 December 2019
SALIENT FEATURES
Reviewed Audited
31 December 31 March Percentage
2019 2019 change
Revenue ($'000) 73 960 118 975 (38%)
EBITDA ($'000) 19 882 49 819 (60%)
Headline profit ($'000) 3 063 21 334 (86%)
Earnings per share (US cents) 1.72 14.76 (88%)
Headline earnings per share (US cents) 2.24 15.65 (86%)
Net asset value per share (US cents) 112 111 1%
CHANGE OF YEAR-END
Shareholders are referred to the announcement released by the Company on SENS on 4 November 2019
whereby it indicated its intention to change its year-end from 31 March to 31 December. It was
furthermore announced on SENS on 4 December 2019 that shareholders had passed the requisite
shareholder resolutions allowing the Company to amend its memorandum of incorporation accordingly.
The first year-end subject to the amended year-end date was therefore 31 December 2019 and the
Company is reporting its results for the nine months ended 31 December 2019, with comparative
results consisting of the twelve months ended 31 March 2019. Shareholders are therefore advised
to take note of the disparity in reporting periods when considering the Company's results.
DECLARATION OF CASH DIVIDEND
The directors have resolved not to declare an interim dividend to focus financial resources on the
continued development of the Company's operations portfolio.
DIRECTORS' STATEMENT
The directors, who take responsibility for the contents of this short-form announcement, present
the reviewed condensed consolidated results of Montauk Holdings Limited for the nine months ended
31 December 2019. The results were prepared under the supervision of the chief financial officer,
Mr KA Van Asdalan (CPA).
The financial information is only a summary and does not contain full details of the financial
results. Any investment decisions by investors and/or shareholders should be based on information
contained in the full announcement, accessible from 26 February 2020, via the JSE link
(https://senspdf.jse.co.za/documents/2020/jse/isse/MNKE/Dec2019.pdf) or on the Company's website
at www.montauk.co.za.
The full announcement is also available at Suite 801, 76 Regent Road, Sea Point, Cape Town, 8005
and the offices of the sponsor free of charge to investors and/or shareholders, during office hours
(09:00 - 17:00) from Mondays to Fridays.
JA Copelyn SF McClain KA Van Asdalan
Chairman Chief Executive Officer Chief Financial Officer
26 February 2020
Directors: JA Copelyn (Chairman)*, SF McClain (Chief Executive Officer)#, KA Van Asdalan
(Chief Financial Officer)#, MH Ahmed*, TG Govender*, MA Jacobson*##, NB Jappie*, BS Raynor*#
*Non-executive; #United States of America; ##Australia
Company secretary: HCI Managerial Services Proprietary Limited
Registered office: Suite 801, 76 Regent Road, Sea Point, Cape Town, 8005
Postal address: PO Box 5251, Cape Town, 8000
Transfer secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers,
15 Biermann Avenue, Rosebank, 2196. PO Box 61051, Marshalltown, 2107
Sponsor: Investec Bank Limited
www.montauk.co.za
Date: 26-02-2020 01:35:00
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