African and Overseas Enterprises Limited: Unaudited Condensed Consolidated Financial Results

AOE is an investment holding company incorporated in South Africa and listed on the JSE Limited (“JSE”) in the “apparel retailers” sector. The company has investments in fashion retail, property, media and broadcasting and water infrastructure.
FINANCIAL HIGHLIGHTS
• Revenue decreased by 4.5% to R458.2 million (2023: R480.0 million)
• Gross profit margin % increased to 52.4% (2023: 46.5%)
• Operating profit increased by 9.7% to R44.8 million (2023: R40.9 million)
• Earnings per share increased by 1.7% to 77.6 cents (2023: 76.3 cents)
• Headline earnings per share increased by 0.5% to 76.9 cents (2023: 76.5 cents)
• Net asset value per share increased by 1.2% to R19.85 (2023: R19.62)
• Ordinary dividend per share paid amounted to nil cents (2023: nil cents)
This announcement is the responsibility of the company’s directors and is only a summary of the information contained in the unaudited interim condensed consolidated results for the six months ended 31 December 2024 ("HY2025 results") and does not include complete details. Any investment decisions by investors and/ or shareholders should be based on the HY2025 results.
The HY2025 results have been published on SENS on 28 March 2025 and are available on the JSE cloudlink at https://senspdf.jse.co.za/documents/2025/jse/isse/AOO/HY2025.pdf and the company’s website:
https://rextrueform.com/wp-content/uploads/2025/03/AOE-UNAUDITED-INTERIM-CONDENSED- CONSOLIDATED-FINANCIAL-RESULTS-DEC-24.pdf
Copies of the HY2025 results may also be requested by emailing the company secretary directly at legal@rextrueform.com or the company’s registered office.
For the complete document, click the link below:
African and Overseas Enterprises Limited
Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies.