Enhanced Investments - Financial Portal

Unaudited condensed consolidated financial results for the six months ended 31 December 2023

Published: 2024-03-27 18:00:42 ET

REX TRUEFORM GROUP LIMITED
Incorporated in the Republic of South Africa
Registration Number: 1937/009839/06
JSE share codes: RTO - RTN - RTOP
ISIN: ZAE000250387 – ZAE000250395 – ZAE000250403
(“Rex Trueform” or “the company”)

SHORT-FORM ANNOUNCEMENT:
UNAUDITED CONDENSED CONSOLIDATED FINANCIAL RESULTS
FOR THE SIX MONTHS ENDED 31 DECEMBER 2023

Rex Trueform is an investment holding company incorporated in South Africa and listed on
the JSE Limited (“JSE”) in the “apparel retailers” sector. The company has investments in
fashion retail, property, media and broadcasting and water infrastructure.
FINANCIAL HIGHLIGHTS

• Revenue increased by 2.0% to R480.0 million (2022: R470.8 million)
• Gross profit margin % decreased to 46.5% (2022: 48.5%)
• Operating profit decreased by 58.3% to R41.4 million (2022: R99.1 million)
• Earnings per share decreased by 62.3% to 100.0 cents (2022: 265.1 cents)
• Headline earnings per share decreased by 62.2% to 100.3 cents (2022: 265.2 cents)
• Net asset value per share increased by 5.7% to R20.50 (2022: R19.39)
• Ordinary dividend per share paid amounted to nil cents (2022: nil cents)

This short-form announcement is the responsibility of the company’s directors and is a summary of the
information in the company’s full results published on Wednesday, 27 March 2024, and does not
contain full or complete details. Furthermore, any investment decisions should be based on the full
results which are available on the following links:

Company: https://rextrueform.com/wp-content/uploads/2024/03/REX-TRUEFORM-UNAUDITED-
INTERIM-CONDENSED-CONSOLIDATED-FINANCIAL-RESULTS-DEC23.pdf
JSE: https://senspdf.jse.co.za/documents/2024/jse/isse/RTO/HY2024.pdf

Copies of the full results announcement may be requested at the company’s registered office or at
the office of the sponsor, Java Capital, during normal business hours from Wednesday,
27 March 2024 until Wednesday, 3 April 2024 at no charge, or from the company secretary directly at
legal@rextrueform.com.


 PM Naylor                                MA Golding
 (Chairman)                               (Chief Executive Officer)

 Cape Town - 27 March 2024

Directors: PM Naylor (Chairman)*, MA Golding† (Chief Executive Officer), D Franklin
(Chief Financial Officer), CL Lloyd, HB Roberts*, LK Sebatane*, MR Molosiwa*
† Non-executive * Independent non-executive
Registered office: 263 Victoria Road, Salt River, Cape Town, 7925
Company secretary: A Gihwala
Transfer secretaries: Computershare Investor Services Proprietary Limited:
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
Sponsor: Java Capital Trustees and Sponsors Proprietary Limited:
6th Floor, 1 Park Lane, Weirda Valley, Sandton, 2196


   www.rextrueform.com           www.queenspark.com             www.telemedia.co.za

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.