Wrap Text
UNREVIEWED CONDENSED CONSOLIDATED
INTERIM FINANCIAL RESULTS for the six months ended 31 December 2020
ALVIVA HOLDINGS LIMITED
(incorporated in the Republic of South Africa)
Registration number: 1986/000334/06
ISIN: ZAE000227484 Share code: AVV
“Alviva” or “the Company” or “the Group”
SUMMARY ANNOUNCEMENT OF THE UNREVIEWED CONDENSED CONSOLIDATED
INTERIM FINANCIAL RESULTS for the six months ended 31 December
2020
AT A GLANCE
REVENUE at R7,5 billion UP 2%
EARNINGS PER SHARE at 110,0 cents UP 17%
HEADLINE EARNINGS PER SHARE at 109,8 cents UP 17%
NET ASSET VALUE PER SHARE at 1 944,3 cents UP 13%
NET TANGIBLE ASSET VALUE PER SHARE at 1 258,9 cents UP 37%
DIVIDEND DECLARED
No interim dividend was declared for the reporting period
OVERVIEW
The Group has delivered a satisfactory performance, with all of
its operating entities contributing positively. Throughout the
period, management has maintained the constant, but delicate,
balancing of maintaining and refining the execution of the
Group’s strategy whilst navigating through the uncertainty
created by COVID-19. It is anticipated that this situation will
remain a feature of the commercial environment for some time and
the Group remains nimble and agile in order to react to
circumstances as they occur.
PROSPECTS AND STRATEGIC INITIATIVES
The outlook for the year to 30 June 2021 is looking uncertain.
The economy is struggling to recover from the effects of COVID-19
and its related lockdowns. Nevertheless, the Group is well
positioned to take advantage of any upturn in commercial
activity. Consequently, the Board expects that the Group should
exceed its earnings from those generated in the previous 12-month
reporting period ended 30 June 2020.
Forward-looking statements have not been reviewed nor reported on
by the Company’s external auditors.
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the
directors and is only a summary of the information contained in
the full announcement. The information in the short-form
announcement has been extracted from the unreviewed condensed
consolidated interim financial results for the six months ended
31 December 2020 (“the full announcement”) and has not been
reviewed or audited by the Company’s auditors. Any investment
decisions by investors and/or shareholders should be based on the
full announcement which is available on
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/AVVE/Int21.pdf
and published on the Company’s website on
https://alvivaholdings.com/wp-content/uploads/2021/03/Int21.pdf
on 1 March 2021. Copies of the full announcement may be requested
from the Company’s registered office and the offices of the
Sponsor during office hours at no cost at the contact details
below and are also available for inspection at the registered
office of the Company and the offices of the Sponsor.
By order of the Board
A Tugendhaft P Spies Midrand
Chairperson Chief Executive Officer 1 March 2021
ALVIVA HOLDINGS LIMITED
DIRECTORS:
A Tugendhaft * (Chairperson), P Spies (Chief Executive Officer),
SH Chaba*^, RD Lyon (Chief Financial Officer), PN Masemola *^,
MG Mokoka *^, P Natesan*^ (Lead Independent Director)
* Non-executive ^ Independent
REGISTERED OFFICE:
The Summit, 269, 16th Road, Randjespark, Midrand, 1685
PREPARER OF RESULTS: RD Lyon CA
COMPANY SECRETARY: SL Grobler CA(SA)
TRANSFER SECRETARIES:
Computershare Investor Services (Pty) Ltd, Rosebank Towers,
15 Biermann Avenue, Rosebank, 2196
AUDITORS:
SNG Grant Thornton Incorporated, Registered Auditors,
20 Morris Street East, Woodmead, 2191
SPONSOR:
Deloitte & Touche Sponsor Services (Pty) Ltd, Deloitte Place,
5 Magwa Crescent, Waterfall City, Midrand, 2090
http://www.alvivaholdings.com
Date: 01-03-2021 04:26:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.