AFRICAN & OVERSEAS ENTERPRISES LIMITED - Audited consolidated financial results for the year ended 30 June 2024

Audited consolidated financial results for the year ended 30 June 2024

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
("AOE" or "the company")

AUDITED CONSOLIDATED FINANCIAL RESULTS
FOR THE YEAR ENDED 30 June 2024

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, media and broadcasting and water infrastructure.

FINANCIAL HIGHLIGHTS
• Revenue decreased by 1.0% to R890.6 million (2023: R899.3 million)
• Gross profit margin % decreased to 46.2% (2023: 49.9%)
• Operating profit decreased by 76.0% to R32.2 million (2023: R134.0 million)
• Earnings per share decreased by 103.9% to -15.8 cents (2023: 408.2 cents)
• Headline earnings per share decreased by 85.4% to 60.1 cents (2023: 412.6 cents)
• Net asset value per share decreased by 0.5% to R18.78 (2023: R18.88)
• Ordinary dividend per share paid amounted to nil cents (2023: nil cents)

This announcement is the responsibility of the directors and is only a summary of the information
 contained in the audited consolidated annual financial statements for the year ended 30 June 2024 
("2024 AFS") and does not include full or complete details. Any investment decisions by investors 
and/or shareholders should be based on the 2024 AFS.

The 2024 AFS including the audit opinion of the external auditor, PricewaterhouseCoopers Inc, 
which sets out the key audit matters and the basis for its unmodified opinion, are available on 
the JSE website at https://senspdf.jse.co.za/documents/2024/jse/isse/AOO/FY2024.pdf and on the 
Company website at https://rextrueform.com/wp-content/uploads/2024/09/AOE-2024-AFS.pdf.

Copies of the 2024 AFS may also be requested by emailing the company secretary directly at 
legal@rextrueform.com or at the Company's registered office.

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

Cape Town - 27 September 2024

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


www.rextrueform.com  www.queenspark.com  www.telemedia.co.za

Date: 27-09-2024 05:30:00
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