UNAUDITED GROUP RESULTS AND CASH DIVIDEND DECLARATION for the six months ended 31 March 2015

Incorporated in the Republic of South Africa
Reg. No 1913/004355/06
Ordinary share Code: RLO
ISIN code: ZAE000057428
(“Reunert”, “the group” or “the company”)

SUMMARISED

GROUP INCOME STATEMENT

R million   Notes   Six months ended
31 March
%  
change  
Year ended  
30 September  
2014  
(Audited) 
 
2015  
(Unaudited) 
2014  
(Unaudited) 
Revenue     3 935,3   3 681,7   7   7 773,8    
Earnings before interest, taxation, depreciation and amortisation (EBITDA)    559,2   529,1   6   1 125,1    
Depreciation and amortisation     56,4   51,9     108,1    
Operating profit   1   502,8   477,2   5   1 017,0    
Net interest income/(expense) and dividend income   2   57,5   (7,8)    (9,9)   
Profit before abnormal items     560,3   469,4   19   1 007,1    
Abnormal items     –   –     (326,9)   
Profit before taxation     560,3   469,4   19   680,2    
Taxation     157,2   137,0     278,4    
Profit after taxation     403,1   332,4   21   401,8    
Share of joint ventures’ profit/(loss)    6,0   0,5     (11,8)   
Profit for the period from continuing operations     409,1   332,9   23   390,0    
Profit for the period from discontinued operation   3   67,0   60,4   11   1 584,2    
Profit for the period     476,1   393,3   21   1 974,2    
Profit attributable to:              
Non-controlling interests     5,0   3,7   36   3,9    
Equity holders of Reunert – from continuing operations     404,1   329,2   23   386,1    
Equity holders of Reunert – from discontinued operation     67,0   60,4   11   1 584,2    
Basic earnings per share from continuing operations (cents)  4 & 5   245,7   200,9   22   235,4    
Diluted earnings per share from continuing operations (cents)  4 & 5   242,2   198,7   22   232,6    
Basic earnings per share from discontinued operation (cents)  4 & 5   40,8   36,9   11   966,2    
Diluted earnings per share from discontinued operation (cents)  4 & 5   40,2   36,4   10   954,5    
Basic earnings per share (cents)  4 & 5   286,5   237,8   20   1 201,6    
Diluted earnings per share (cents)  4 & 5   282,4   235,1   20   1 187,1    
Other measures of earnings per share from continuing operations              
Headline earnings per share   4 & 5   242,1   201,3   20   391,2    
Diluted headline earnings per share   4 & 5   238,6   199,1   20   386,5    
Normalised headline earnings per share   4 & 5   238,7   200,0   19   439,0    
Diluted normalised headline earnings per share   4 & 5   235,2   197,9   19   433,7    
Other measures of earnings per share              
Headline earnings per share   4 & 5   264,8   238,5   11   505,6    
Diluted headline earnings per share   4 & 5   261,0   235,8   11   499,5    
Normalised headline earnings per share   4 & 5   261,4   237,2   10   553,3    
Diluted normalised headline earnings per share   4 & 5   257,6   234,6   10   546,7    
Cash dividend per ordinary share declared     105,0   95,0   11   370,0