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ARGENT INDUSTRIAL LIMITED - Unaudited and unreviewed interim results and dividend declaration for the 6 months ended 30 September 2024

Release Date: 27/11/2024 10:36
Code(s): ART     PDF:  
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Unaudited and unreviewed interim results and dividend declaration for the 6 months ended 30 September 2024

ARGENT INDUSTRIAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1993/002054/06)
Share code: ART
ISIN: ZAE000019188
("Argent" or "the company")

UNAUDITED AND UNREVIEWED INTERIM CONSOLIDATED RESULTS AND DIVIDEND
DECLARATION FOR THE 6 MONTHS ENDED 30 SEPTEMBER 2024


 SUMMARISED GROUP FINANCIAL                              30 Sep 2024     30 Sep 2023       % change
 INFORMATION
 Income statement
 Revenue                                         R 000     1,264,427       1,307,477          -3.3%
 EBITDA                                          R 000       203,013         199,065           2.0%
 Operating profit                                R 000       175,418         172,540           1.7%
 Profit for the period                           R 000       130,466         129,603           0.7%
 Statement of financial position
 Total assets                                    R 000     2,594,235       2,291,832          13.2%
 Total liabilities                               R 000       786,037         671,398          17.1%
 Total shareholders' funds                       R 000     1,808,198       1,620,434          11.6%
 Net asset value per share                       cents       3,265.9         2,879.2          13.4%
 Shares in issue
 Weighted average                                 000         54,431          55,571          -2.1%
 Diluted weighted average                         000         54,431          55,571          -2.1%
 Earnings and dividends per share
 Basic earnings per share                        cents         231.7           224.2           3.4%
 Diluted earnings per share                      cents         231.7           224.2           3.4%
 Headline earnings per share                     cents         231.0           222.7           3.7%
 Diluted headline earnings per share             cents         231.0           222.7           3.7%
 Dividends per share                             cents          60.0            55.0           9.1%

DIVIDEND DECLARATION

The directors of the company have declared and approved an interim gross dividend of 60 cents per
share for the six-month period ended 30 September 2024 from income reserves.

The following dates will apply to the abovementioned interim dividend:

Publication of declaration data:                           Wednesday, 27 November 2024
Last day to trade cum dividend:                            Tuesday, 21 January 2025
Trading ex-dividend commences:                             Wednesday, 22 January 2025
Record date:                                               Friday, 24 January 2025
Dividend payment date:                                     Monday, 27 January 2025

Share certificates may not be dematerialised or re-materialised between Wednesday, 22 January 2025
and Friday, 24 January 2025, both days inclusive.

In determining the dividends tax of 20% to be withheld in terms of the Income Tax Act (No 58 of 1962),
those shareholders who are not exempt from the dividend tax will therefore receive a dividend of
48 cents per share net of dividend tax. The company has 54 430 980 ordinary shares in issue as at
27 November 2024 and its income tax reference number is 9096/002/71/3.

Ordinary shareholders who hold dematerialised shares will have their accounts at their CSDP or broker
credited/updated on Monday, 27 January 2025.

SHORT FORM ANNOUNCEMENT

This short-form announcement is the responsibility of the directors of the company. It contains only a
summary of the information 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/ART/INTERIMS.pdf.

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

Copies of the full announcement are available for viewing on the company's website at:
https://argent.co.za/wp-content/uploads/2024/11/Interim-Results-Sep-2024.pdf.

Umhlanga
27 November 2024

Sponsor
PSG Capital

Date: 27-11-2024 10:36:00
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