Assore Interim Results - FOR THE HALF-YEAR ENDED 31 DECEMBER 2009

CONSOLIDATED INCOME STATEMENT


	Half-year ended		Year ended 30 June 2009
	31 December 2009	31 December 2008	Year ended 30 June 2009
	Unaudited	Unaudited	Audited
	R’000	R’000	R’000
Revenue	2 752 752	6 805 831	9 527 669
Turnover	2 550 160	6 387 524	8 818 655
Cost of sales	(1 937 504)	(2 338 355)	(3 983 720)
Gross profit	612 656	4 049 169	4 834 935
Profit on disposal of available-for-sale investments	-	-	19 086
Other income	267 484	955 470	1 410 828
Other expenses	(265 498)	(138 956)	(717 821)
Finance costs	(61 760)	(189 517)	(298 148)
Profit before taxation and State’s share of profits	552 882	4 676 166	5 248 880
Taxation and State’s share of profits	(211 085)	(1 642 159)	(1 981 493)
Profit for the period	341 797	3 034 007	3 267 387
Attributable to:
Shareholders of the holding company	338 114	2 980 574	3 241 452
Non-controlling interests	3 683	53 433	25 935
Profit for the period (as above)	341 797	3 034 007	3 267 387
Earnings as above	338 114	2 980 574	3 241 452
Profit on disposal (net of tax) of:
- Available-for-sale investments	-	-	(16 414)
– Property, plant and equipment	(1 208)	(3 902)	(18 359)
Impairment of non-financial assets	-	-	59 114
Headline earnings	336 906	2 976 672	3 265 793
Earnings per share (cents) (basic and diluted)	1 413	12 461	13 669
Headline earnings per share (cents) (basic and diluted)	1 408	12 444	13 772
Dividends per share declared in respect of the profit for
the period (cents):	500	1 000	2 000
– Interim	500	1 000	1 000
– Final			1 000
Weighted average number of ordinary shares (million)
Ordinary shares in issue	27,57	27,75	27,66
Weighted impact of treasury shares:
- Held by Group companies	(2,73)	(2,92)	(3,03)
– Held by Bokamoso Trust	(0,91)	(0,91)	(0,91)
	23,93	23,92	23,72