SENS
Condensed Consolidated Reviewed Financial Statements for the year ended 30 June 2007
19 September 2007
Achievements:
- Capital spent to expand operations increased by 140% from R47 million to R113 million
- Somkhele Colliery successfully commissioned in June 2007
- New order mining right boosts production potential at Somkhele
- Somkhele Colliery NPV up 310% from R358 million to R1.47 billion
- Revenue increased by 116% from R177 million to R382 million
- Profit after tax increased by 53% from R49 million to R74 million
- 55% increase in the weighted average number of shares in issue to fund the development of Somkhele
- Fully diluted headline earnings per share increased by 14% from 4.52 cents to 5.16 cents
- Fully diluted earnings per share increased by 6% from 14.85 cents to 15.77 cents
- Baobab investment sold for a net profit after tax of R25 million
- Successful secondary listing on AIM raised R49 million gross proceeds
Condensed Consolidated Reviewed Financial Statements for the year ended 30 June 2007 (PDF - 64KB)
Secretary and Sponsor - JSE
River Sponsors (Pty) Limited
Nominated Adviser and Broker - AIM
Numis Securities Limited
Transfer Secretaries
JSE: Computershare Investor Services 2004 (Proprietary) Limited
AIM: Computershare Investor Services PLC
Auditors
KPMG Inc.
