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TRANSPACO LIMITED - Reviewed Provisional Condensed Consolidated Results for the year ended 30 June 2021 and Dividend Announcement

Release Date: 31/08/2021 13:50
Code(s): TPC     PDF:  
Wrap Text
Reviewed Provisional Condensed Consolidated Results 
for the year ended 30 June 2021 and Dividend Announcement

Transpaco Limited
Registration number 1951/000799/06
JSE share code: TPC
ISIN: ZAE000007480
(Transpaco or the company)

SHORT-FORM ANNOUNCEMENT: REVIEWED PROVISIONAL CONDENSED CONSOLIDATED RESULTS 
FOR THE YEAR ENDED 30 JUNE 2021 AND DIVIDEND ANNOUNCEMENT

- NET ASSET VALUE PER SHARE 2 306 CENTS
- HEPS UP 38% TO 336,2 CENTS
- TOTAL DIVIDEND PER SHARE 153 CENTS

FINANCIAL RESULTS

                                                               Reviewed              Audited
                                                              12 months        %   12 months
                                                              June 2021   change   June 2020
Total operations                                             
Earnings per share (cents)                                        337,4     60,9       209,7
Diluted earnings per share (cents)                                337,4     60,9       209,7
Headline earnings per share (cents)                               336,2     37,9       243,9
Diluted headline earnings per share (cents)                       336,2     37,9       243,9
Net asset value per share (cents)                                 2 306     11,6     2 066,0
Continuing operations                                        
Revenue from continuing operations (R'000)                      2 078,9      9,1     1 905,7
Earnings per share (cents)                                        337,4     21,3       278,2
Diluted earnings per share (cents)                                337,4     21,3       278,2
Headline earnings per share (cents)                               336,2     21,2       277,5
Diluted headline earnings per share (cents)                       336,2     21,2       277,5
Discontinued operations                                      
Loss per share (cents)                                                -                (68,5)
Diluted loss per share (cents)                                        -                (68,5)
Headline loss per share (cents)                                       -                (33,6)
Diluted headline loss per share (cents)                               -                (33,6)

Notwithstanding a challenging year Transpaco performed well above expectations improving NPAT 
by 59,9% resulting in headline earnings increasing 37,0% and HEPS up by 37,9%.

Revenue for total operations grew by 6,4% with operating profit increasing 45,4%.

Through stringent cost control and continued focus on efficiencies, operating margins increased 
to 7,9% (June 2020: 5,8%).

DIVIDEND
The board has declared a final gross cash dividend out of income reserves of 110,0 cents per share, 
resulting in total dividends of 153,0 cents per share for the year ended 30 June 2021 
(June 2020: 111 cents per share). After applying the dividend withholding tax of 20% a net final 
dividend of 88,00 cents per share will be paid to those shareholders who are not exempt from the 
dividends tax. The issued shares at the date of declaration is 31 839 483 ordinary shares. 
The income tax reference number is 9975/112/71/6.

THE SALIENT DATES FOR THE DIVIDEND ARE AS FOLLOWS:
Last date to trade shares cum dividend          Monday, 20 September 2021
Shares trade ex-dividend                        Tuesday, 21 September 2021
Record date                                     Thursday, 23 September 2021
Payment date                                    Monday, 27 September 2021

Share certificates may not be dematerialised or rematerialised between Tuesday, 21 September 2021 
and Thursday, 23 September 2021, both days inclusive.

ADMINISTRATIVE INFORMATION
This short-form announcement is the responsibility of the directors and is only a summary of the 
information in the full announcement. The full announcement was released on SENS on 31 August 2021, 
and can be found on the company's website at www.transpaco.co.za and on the following JSE link:
https://senspdf.jse.co.za/documents/2021/jse/isse/TPC/FYResults.pdf

Any investment decision should be based on the full announcement published on SENS and on the 
company's website.

Copies of the full announcement may be requested from the company secretary at Hendrik@transpaco.co.za.

REVIEW BY INDEPENDENT AUDITOR
The group’s auditor BDO South Africa Incorporated have reviewed the provisional condensed consolidated
financial information for the year. The unmodified review report is available for inspection at Transpaco’s
registered office and can be found on the company’s website at www.transpaco.co.za

On behalf of the board

DJJ Thomas                         PN Abelheim                                 L Weinberg
Chairman                           Chief Executive Officer                     Chief Financial Officer

31 August 2021

DIRECTORS
DJJ Thomas (Chairman)*; PN Abelheim (Chief Executive Officer); L Weinberg (Chief Financial Officer);
HA Botha**; SR Bouzaglou; B Mkhondo**; SP van der Linde (Lead Independent Director)**
* Non-executive                    ** Independent non-executive

Auditor: BDO South Africa Incorporated

Company Secretary: HJ van Niekerk

Sponsor: Investec Bank Limited

Registered office: 331 6th Street, Wynberg, Sandton

Transfer Secretaries: Computershare Investor Services (Pty) Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank,
Johannesburg

Website: www.transpaco.co.za
Date: 31-08-2021 01:50:00
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