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AFRICAN & OVERSEAS ENTERPRISES LIMITED - Summarised consolidated financial results for the year ended 30 June 2021

Release Date: 30/09/2021 17:00
Code(s): AON AOO AOVP     PDF:  
Wrap Text
Summarised consolidated financial results for the year ended 30 June 2021

African and Overseas Enterprises Limited 
Incorporated in the Republic of South Africa 
Registration Number: 1947/027461/06
JSE share codes: AOO - AON -AOVP 
ISIN: ZAE000000485 - ZAE000009718 - ZAE000000493 
("the company" or "AOE") 


AOE is an investment holding company incorporated in South Africa and listed on the JSE Limited 
("JSE") in the "apparel retailers" sector. The company has investments in fashion retail, property
and water infrastructure. 

Financial highlights 

- Revenue decreased by 17.1% to R491.4 million (2020: R592.5 million)  
- Gross profit margin % increased to 52.2% (2020: 48.4%)  
- Operating profit increased by 164.1% to R48.6 million (2020: R75.9 million operating loss)  
- Earnings per share increased by 124.9% to 94.5 cents (2020: 378.9 cents loss per share)  
- Headline earnings per share increased by 206.3% to 116.0 cents (2020: 109.1 cents loss per share)  
- Net asset value per share increased by 8.8% to R12.01 (2020: R11.04)  
- Ordinary dividend per share paid amounted to nil cents (2020: nil cents)  

This short-form announcement is the responsibility of the company's directors and is a summary of 
the information in the company's full results released on SENS on 30 September 2021 and does not 
contain full or complete details. Prior year figures have been restated. In order to obtain a full
understanding of the nature of the auditor's engagement and more specifically, the nature of the
information that has been audited, a copy of the Group consolidated annual financial statements 
should be obtained which includes the auditor's report setting out key audit matters, which 
includes the recognition and measurement of leases as well as the assessment of the net realisable
value of inventory, and the basis for the unmodified opinion. Furthermore, any investment decisions 
should be based on the full results which are available on the company’s website at 
and on the JSE's website at: 

Copies of the full results announcement may be requested at the company’s registered office or at 
the office of the sponsor, Java Capital, during normal business hours from Friday, 1 October 2021
until Friday, 15 October 2021 at no charge, or from the company secretary directly at 

MR Molosiwa           MA Golding 
(Chairman)            (Chief Executive Officer) 

Cape Town 
30 September 2021

Directors: MR Molosiwa* (Chairman), MA Golding (Chief Executive Officer), WD Nel (Financial Director), 
HB Roberts*, PM Naylor*, LK Sebatane* *Independent non-executive 
Registered office: 263 Victoria Road, Salt River, Cape Town, 7925 
Company secretary: AR Mushabe 
Transfer secretaries: Computershare Investor Services Proprietary Limited: Rosebank Towers, 15 
Biermann Avenue, Rosebank, 2196 
Sponsor: Java Capital Trustees and Sponsors Proprietary Limited: 6th Floor, 1 Park Lane, Weirda Valley, 
Sandton, 2196 
Websites: - 

Date: 30-09-2021 05:00:00
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