DENEB INVESTMENTS LIMITED - Reviewed Condensed Consolidated Financial Results For The Year Ended 31 March 2024 And Distribution Declaration

Reviewed Condensed Consolidated Financial Results For The Year Ended 31 March 2024 And Distribution Declaration

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
("Deneb" or the "Group")

REVIEWED CONDENSED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR
ENDED 31 MARCH 2024 AND DISTRIBUTION DECLARATION

1.   SALIENT FEATURES

     Revenue increased by R216 million (7%) to R3 527 million, from R3 311 million in the
     prior corresponding period.

     Earnings per share ("EPS") decreased by 8 cents per share (26%) to 23 cents per share,
     from 31 cents per share in the prior corresponding period.

     Headline earnings per share ("HEPS") decreased by 5 cents per share (20%) to 23 cents
     per share, from 28 cents per share in the prior corresponding period.


     Net asset value per share ("NAVPS") increased by 18 cents per share (4%) to 424 cents
     per share, from 406 cents per share in the prior corresponding period.

     Profit decreased by R34 million (26%) to R101 million, from R135 million in the prior
     corresponding period.

     Distribution per share remains unchanged at 10 cents per share.

     During the prior year, the Group received insurance proceeds for business interruption
     and flood damage. As these proceeds are non-recurring, we are of the opinion that
     providing earnings on an adjusted basis is meaningful disclosure to shareholders and
     provides a better sense of the underlying performance of the Group in the period under
     review.
     Adjusted earnings per share ("EPS") increased by 4 cents per share (20%) to 23 cents
     per share, from 19 cents per share in the prior corresponding period.


     Adjusted headline earnings per share ("HEPS") increased by 5 cents per share (25%) to
     23 cents per share, from 18 cents per share in the prior corresponding period.

2.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of Deneb. It contains
     only a summary of the information included 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/2024/JSE/ISSE/DNBE/FY24.pdf
   
     A copy of the Full Announcement is also available for viewing on the Company's website
     at www.deneb.co.za.

     The financial information in this short-form announcement has been extracted from the
     reviewed condensed consolidated financial results of the Group for the year ended 31
     March 2024. The financial results have been reviewed by the Group's auditors who
     expressed an unmodified review conclusion thereon.

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Full Announcement, as a whole.

Cape Town
22 May 2024

Sponsor
PSG Capital

Date: 22-05-2024 04:25:00
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