29 Jun - 3 min read

Audited Annual Consolidated Results for the Year Ended 31 March 2021, Notice of Annual General Meeting (AGM) and Dis

Audited Annual Consolidated Results for the Year Ended 31 March 2021, Notice of Annual General Meeting (AGM) and Dis

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

 AUDITED ANNUAL CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2021, NOTICE OF
 ANNUAL GENERAL MEETING (AGM) AND DISTRIBUTION OF ANNUAL REPORT

 FINANCIAL SUMMARY                                           31 March 2021     31 March 2020             % change
 Income statement
 Revenue                                      R 000             1 965 960         1 727 721                13.8%
 EDITDA                                       R 000               241 420           188 877                27.8%
 Operating profit                             R 000               189 534           133 383                42.1%
 Profit for the year                          R 000               132 055            97 914                34.9%
 Statement of financial position
 Total assets                                 R 000             1 686 000         1 577 556                6.9%
 Total liabilities                            R 000               552 592           530 075                4.2%
 Total shareholders’ funds                    R 000             1 133 408         1 047 481                8.2%
 Net asset value per share                    cents                1 910.2           1 674.0               14.1%
 Shares in issue
 At end of period excluding treasury shares   000                  58 425            61 370                 (4.8%)
 Weighted average                             000                  59 999            73 589                (18.5%)
 Diluted weighted average                     000                  60 361            73 947                (18.4%)
 Earnings and dividend per share
 Basic earnings per share                     cents                  217.3             130.8                66.2%
 Diluted earnings per share                   cents                  216.0             130.1                66.0%
 Headline earnings per share                  cents                  217.9             133.4                63.3%
 Dividend per share *                         cents                    0.0               0.0                  0%
 *No dividend was declared. Excess funds will be utilised for the share buyback programme.

 The audited annual consolidated financial statements have been audited by BDO South Africa Inc., who expressed
 an unqualified audit opinion. A copy of the auditor’s report including the key audit matters is available for inspection
 at the company’s registered office, together with the financial statements identified in the auditor’s report, as well as
 on the company’s website, www.argent.co.za/info/annual reports/argent annual report 2021.

 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/2021/JSE/ISSE/ART/YE2021.pdf

 Copies of the full announcement is available for viewing on the company’s website at www.argent.co.za/info/sens
 announcements/YE2021 SENS or may be requested in person, at the company’s registered office or the office of
 the sponsor, at no charge, during office hours.

 Annual Report and Notice of Annual General Meeting
 The annual report including full audited consolidated financial statements for the financial year ended
 31 March 2021, has been distributed to shareholders today (“the Annual Report”). The annual report is available on
 the company’s website, www.argent.co.za/info/annual reports/argent annual report 2021.

 Notice is hereby given that Argent’s Annual General Meeting (AGM) of shareholders will be held in the company’s
 boardroom at First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on Friday,
 20 August 2021 at 11:00 to transact the business as stated in the notice of AGM circulated together with the annual
 report. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the
 AGM is Friday, 13 August 2021, with the last day to trade being Tuesday,10 August 2021.

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

 Umhlanga
 29 June 2021

 Sponsor
 PSG Capital

Date: 29-06-2021 09:03:00
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