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Annual Report 2004

Financial highlights

  Year ended 8 months ended
  31 December 2004 31 December 2003
Revenue (R’000) 1 911 873 616 524
Operating profit (R’000) 138 414 22 704
Income attributable to ordinary shareholders (R’000) 301 469 8 068
Earnings per share (cents) 102,75 23,13
Headline earnings per share (cents) 35,86 24,85
Dividends per share (cents) 5,00
Closing share price at year end (cents) 300,00 100,00
Net asset value per share (cents) 210,00 121,20
Shareholders’ funds (R’000) 879 125 203 707
Net interest-bearing debt to equity (%) 22,20 16,03
Market capitalisation at year end (R’000) 1 256 160 168 120

A successful transformation of the group as highlighted below:

  • Existing businesses generate a 69% growth in revenue and a 95% increase in operating profit; 
  • Expansion of the automotive and footwear divisions by the acquisition of the automotive and footwear divisions of Feltex and Jordan & Co; 
  • Acquisition of Hosaf Fibres and Glodina; Acquired businesses add R1 billion to revenue and R79 million to operating profit for the six month period from 1 July 2004; 
  • BEE partner Motseng Investment Holdings (Proprietary) Limited acquired an initial 14 million shares (3,35% equity stake).