Condensed Reviewed Results for the year ended 29 February 2020
EFORA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
(“Efora” or “the Company”)
CONDENSED REVIEWED RESULTS FOR THE YEAR ENDED 29 FEBRUARY 2020
- SALIENT FEATURES
Revenue decreased by 25% to R2.0 billion, from R2.6 billion in the prior corresponding period.
Headline earnings per share (“HEPS”) of 4.96 cents per share, compared to a headline loss per share of 45.31 cents per share in the prior corresponding period.
Loss per share (“LPS”) of 1.86 cents per share, compared to a loss per share of 69.91 cents per share in the prior corresponding period.
- SHORT-FORM ANNOUNCEMENT
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/2020/JSE/ISSE/EELE/EELFY2020.pdf
Copies of the Full Announcement are also available for viewing on the Company’s website at https://www.eforaenergy.com/category/investor-centre/financial-results/ or may be requested in person, at the Company’s registered office or the office of the sponsor, at no charge, during office hours.
Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole.
These annual results have been reviewed by the Company’s auditors, SizweNtsalubaGobodo Grant Thornton Inc. who expressed an unmodified review conclusion thereon.
31 August 2020
For further information please contact:
Efora Energy Limited
+27 (0)10 591 2260
Efora Energy Limited is a South African based independent African oil and gas company, listed on the JSE. The Company has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo; a midstream project relating to crude trading in Nigeria and material downstream distribution operations throughout Southern Africa. Our focus as a Group is on delivering energy for the African continent by using Africa’s own resources to meet the significant growth in demand expected over the next decade.
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