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Reviewed Consolidated Interim Financial Statements for the Six Months Ended – 31 August 2021

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EFORA ENERGY LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

JSE Share Code: EEL

ISIN: ZAE000248258

(“the Company” or together with its subsidiaries and joint venture “the Group”)

REVIEWED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 AUGUST 2021

SALIENT FEATURES

  • Revenue decreased by 95% to R38.0 million (August 2020: R705.2 million).
  • Headline loss per share decreased by 24.76 cents per share to a headline loss of 0.32 cents per share (August 2020: 25.08 cents per share).
  • Earnings per share of 14.51 cents per share (August 2020: loss of 38.44 cents per share).
  • The board of directors, after careful consideration, has elected to not declare a dividend for the six months ended 31 August 2021 (August 2020: nil).

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/2023/JSE/ISSE/EELE/EELHY22.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/.

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

The 2022 interim results (“Interim Results”) of Efora, as contained in the Full Announcement, have been reviewed by the Company’s auditor, SizweNtsalubaGobodo Grant Thornton Inc. The auditor’s review conclusion on the Interim Results contains a disclaimer of opinion due to internal control deficiencies at Afric Oil Proprietary Limited, a former material subsidiary of the Company. The full auditor’s review conclusion is available, along with the Interim Results, on the Company’s website at https://www.eforaenergy.com/category/investor-centre/financial-results/.

Johannesburg
27 November 2023

Sponsor
PSG Capital

For further information please contact:

Efora Energy Limited

Darrin Arendse

+27 (0)10 591 226

 

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