Calgro M3 Holdings Limited Reports Earnings Audited Consolidated Results for the Year Ended February 28, 2015
May 11 15
Calgro M3 Holdings Limited reported earnings audited consolidated results for the year ended February 28, 2015. For the year, the company reported revenue of ZAR 932,205,000 against ZAR 784,943,000 a year ago. Operating profit was ZAR 83,801,000 against ZAR 52,851,000 a year ago. Profit before taxation was ZAR 168,149,000 against ZAR 115,215,000 a year ago. Profit after taxation attributable to equity holders of the company was ZAR 145,716,000 against ZAR 105,695,000 a year ago. Fully diluted earnings per share were 114.65 cents against 83.16 cents a year ago. Fully diluted headline earnings per share were 109.69 cents 83.16 cents a year ago. Net cash from operations was ZAR 79,177,000 against net cash used in operations of ZAR 291,953,000 a year ago.
Calgro M3 Holdings Limited Announces Management Changes
May 11 15
Calgro M3 Holdings Limited will appoint Wayne Williams as Executive Director. The effective date is June 01, 2015. Calgro M3 announced the following changes to the company's board of directors: Mr. Willem (Wikus) Jakobus Lategan has been promoted to Group Managing Director with effect from 1 June 2015. Mr. Lategan held the position of Financial Director from August 2008 and has been an executive member of the board of directors since then. He will be responsible for the overall operational activities of the Group. Mr. Ben Pierre Malherbe will continue in his role as Chief Executive Officer and will be responsible for the strategic planning and direction of the Group. Messrs Malherbe and Lategan and Mr. Frederik (Derek) Johannes Steyn will continue to manage external stakeholder relationships of the Group. Mr. Willem Adolph Joubert (CA(SA))has been appointed as the Financial Director with effect from 1 June 2015. Mr. Joubert joined the Company in January 2012 as Group Financial Manager after being a member of the PriceWaterhouseCoopers team responsible for the Calgro M3 audit for three years prior to his appointment. Mr. Wayne Williams has been appointed as Executive Director of the company with effect from 1 June 2015. He was appointed as head of the legal department and company secretary of Calgro M3 in August 2012. Mr. Hugh Colin Cameron was appointed as an independent Non-Executive Director with effect from 8 May 2015. Mr. Cameron has also been nominated to serve on the company's Audit and Risk Committee, which nomination will be presented to shareholders at the Annual General Meeting of shareholders of the company on 1 July 2015. Mr. Cameron has been appointed in view of the forthcoming retirement of Mr. John Gibbon in October 2015. Mr. Gibbon has served as a board member and chairperson of the Company's Audit and Risk Committee since November 2008. Mr. Cameron is currently an independent non-executive director of Impala Platinum Holdings and a trustee of the Sishen Iron Ore Community Development Trust. Mr. Deon Noel Steyn will resign his post as Executive Director with effect 1 June 2015. Mr. Steyn was appointed as an Executive Director of the company in December 2009 and has served the company with distinction. Although Mr. Steyn has resigned as a member of the board of directors, he will retain his position as member of the Executive Committee and will continue with his current operational activities within the Group. Juba Statutory Services (Pty) Ltd, represented by Mrs. Sirkien van Schalkwyk is appointed as Company Secretary with effect from 1 June 2015. Mrs. Van Schalkwyk has more than 15 years' company secretarial experience and has acted as company secretary for a number of companies, including various JSE listed companies. Mrs. Van Schalkwyk is independent and has the necessary expertise and experience to fulfill the role of company secretary.
Calgro M3 Holdings Limited Provides Earnings Guidance for the Year Ended February 28, 2015
May 6 15
Calgro M3 Holdings Limited provided earnings guidance for the year ended February 28, 2015. For the year, the company expects headline earnings per share to be 109.69 cents per share compared to 83.16 cents per share as reported in the previous corresponding period. This equates to an increase of 31.90%. Earnings per share for the year ended 28 February 2015, is expected to be 114.65 cents per share compared to 83.16 cents per share as reported in the previous corresponding period. This equates to an increase of 37.87%.