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BOWLER METCALF LIMITED - SF: Unaudited Interim Condensed Consolidated Results for the 6 months Ended 31 December 2024 & Dividend Declaration

Release Date: 04/02/2025 17:15
Code(s): BCF     PDF:  
Wrap Text
SF: Unaudited Interim Condensed Consolidated Results for the 6 months Ended 31 December 2024 & Dividend Declaration

BOWLER METCALF LIMITED
(Registration number 1972/005921/06)
Share code: BCF ISIN number: ZAE000030797
("Bowler" or "the Company" or "the Group")

SHORT FORM ANNOUNCEMENT
SUMMARY OF CONDENSED UNAUDITED GROUP FINANCIAL RESULTS FOR THE SIX MONTHS
ENDED 31 DECEMBER 2024 AND DIVIDEND DECLARATION


                                              31 December               31December
                                                     2024         %           2023
R'mil                                           Unaudited      Change    Unaudited

Earnings
Revenue                                             459.4        +6          434.0
Profit from operations                               69.1        +22          56.6
Net profit before tax                                80.8        +17          69.2
Net profit after tax                                 59.3        +17          50.5

Attributable to parent
Net profit after tax and total
comprehensive income                                 59.3        +17          50.5

Earnings – cents per share

Earnings                                            86.25        +17         73.49
Headline earnings                                   86.25        +17         73.49

Dividends – cents per share
Final previous year paid                            37.80        +54         24.60
Interim- payable 31 March 2025                      25.00        +4          24.00

Net asset value- R'm                                833.0        +9          761.7

An interim gross cash dividend, as defined by the Income Tax Act, of 25.00 cents per
share ("cps") for the six months ended 31 December 2024 (2023: 24.00 cps) has been
declared and is payable to shareholders on Monday, 31 March 2025. The last day to
trade will be Tuesday, 25 March 2025, the ex-date is Wednesday, 26 March 2025 and the
record date will be Friday, 28 March 2025. Share certificates may not be de-materialised
or re-materialised between Wednesday, 26 March 2025 and Friday, 28 March 2025, both
days inclusive. The directors confirm that at the date of this report they are satisfied with
the solvency and liquidity test.

This dividend will be made from income reserves. The gross dividend is 25.00 cps. Dividend
Withholding Tax (DWT) is 20%. The net local cash dividend to shareholders liable for DWT
will therefore be 20.00 cps.

The number of shares in issue (including treasury shares) at the date of declaration is
74 703 569.

The short-form announcement is the responsibility of the directors and is only a summary
of the information in the full announcement and does not contain full or complete details.
Any investment decisions by investors and/or shareholders should be based on
consideration of the full announcement released on SENS on 4 February 2025 and
published on the Company's website as a whole. The full announcement can be found
on the Company's website at www.bowlermetcalf.co.za and also at the following link:

https://senspdf.jse.co.za/documents/2025/JSE/ISSE/BCF/BCFIR24.pdf

Copies of the full announcement may also be requested at the Company's registered
office and at the office of the sponsor, at no charge, during office hours by phoning the
Company on +27 21 704 2223.

Cape Town                                                                   Prepared by:
4 February 2025                                                     AC September CA(SA)



Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 04-02-2025 05:15:00
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