Unreviewed Interim Results for the Six Months Ended 31 August 2019
EFORA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
(“Efora” or “the Company” or “the Group”)
UNREVIEWED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2019
1. SALIENT FEATURES
Operating profit of R3.3 million relative to an operating loss of R34.8 million in the prior corresponding period.Headline earnings per share (“HEPS”) of 0.85 cents per share relative to a headline loss per share of 12.57 cents per share in the prior corresponding period.
Earnings per share (“EPS”) of 0.83 cents per share relative to a loss per share of 12.63 cents per share in the prior corresponding period.
2. 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/2019/JSE/ISSE/EELE/EELH12019.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.
27 November 2019
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; midstream project
relating to crude trading in Nigeria and material downstream distribution operations in South 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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