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Financial results for the year ended 30 June 2024 and cash dividend declaration
MUSTEK LIMITED
Incorporated in the Republic of South Africa
Registration number: 1987/070161/06
JSE share code: MST
ISIN: ZAE000012373
("Mustek" or "the Group")
SHORT FORM ANNOUNCEMENT: FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2024 AND DIVIDEND DECLARATION
SALIENT FEATURES:
- Revenue R8,51 billion, down 16.0% (2023: R10,13 billion)
- Gross profit % decreased to 12,2% (2023: 13,9%)
- Headline earnings per share 67,13 cents, down 82.1% (2023: 357,18 cents)
- Basic earnings per share 37,31 cents, down 90.1% (2023: 377,05 cents)
- Dividend per share 7.5 cents, down 90% (2023: 77 cents)
- Net asset value per share 2 801,15 cents, up 2,8% (2023: 2 724,36 cents)
The information has been extracted from the audited results for the year ended 30 June 2024. This announcement
itself has not been audited or reviewed.
This short-form announcement is the responsibility of the directors. The Group's external auditors, BDO Inc.,
expressed an unmodified audit opinion on the consolidated and separate financial statements in their report
dated 19 September 2024. This announcement is only a summary of the information contained in the consolidated
and separate financial statements and does not contain full or complete details. Any investment decision should
be based on the consolidated and separate financial statements, which can be accessed from
Thursday, 19 September 2024, using the following JSE cloud link:
https://senspdf.jse.co.za/documents/2024/jse/isse/MST/FY24AFS.pdf
The independent auditors report and the consolidated and separate audited financial statements as well as
summarised group results are available on the Mustek website at https://mustek.co.za/financial/
The independent auditors report, the consolidated and separate audited financial statements and summarised group
results are available for inspection at Mustek's registered office on weekdays from 09:00 to 16:00, and copies
thereof may be requested free of charge at ltd@mustek.co.za
Shareholders are invited to attend a virtual results presentation on Thursday, 19 September 2024 at 10:00am
using the following link https://bit.ly/3TmaJpY.
DIVIDEND DECLARATION
Notice is hereby given that a final cash dividend of 7.5 cents per ordinary share for the year ended 30 June 2024 is
declared, payable to shareholders recorded in the books of the company at the close of business on the record
date appearing below. This dividend is declared out of income reserves. The company's income tax reference
number is 9550081716 and the company has 57 540 000 ordinary shares in issue and ranking for dividend at the
date of this declaration. The South African dividend tax rate is 20% resulting in a net dividend of 6.00 cents
per share to shareholders who are not tax exempt.
The salient dates applicable to the final dividend are as follows:
Dividend declaration date Thursday, 19 September 2024
Last day of trade cum dividend Tuesday, 08 October 2024
First day to trade ex dividend Wednesday, 09 October 2024
Record date Friday, 11 October 2024
Payment date Monday, 14 October 2024
No share certificates may be dematerialised or rematerialised between Wednesday, 09 October 2024 and
Friday, 11 October 2024, both days inclusive.
For and on behalf of the board of directors
Hein Engelbrecht CA(SA) Shabana Aboo Baker Ebrahim CA(SA)
Group Chief Executive Officer Group Financial Director
19 September 2024
Midrand
Corporate information:
Company secretary:
Sirkien van Schalkwyk
Block B, Office 107, Elarduspark Shopping Centre,
837 Barnard Street, Elarduspark, 0181
PO Box 4896, Rietvalleirand, 0174
Telephone: +27 (0) 12 751 6000
Transfer secretaries:
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196.
Private Bag X9000, Saxonwold, 2132, South Africa
Telephone: +27 (0) 11 370 5000
Registered office:
322 15th Road, Randjespark, Midrand, 1685
Postal address:
PO Box 1638, Parklands, 2121
Contact numbers:
Telephone: +27 (0) 11 237 1000
Facsimile: +27 (0) 11 314 5039
Email: ltd@mustek.co.za
Sponsor:
Deloitte & Touche Sponsor Services Proprietary Limited
www.mustek.co.za
Date: 19-09-2024 09:40:00
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