gooderson leisure corp ltd (GDN) Snapshot

Gooderson Leisure Corporation Limited reported consolidated earnings results for the year ended February 28, 2013. For the year, the company reported revenue of ZAR 110,561,989 against ZAR 108,250,120 a year ago. EBITDA was ZAR 13,582,253 against ZAR 14,426,971 a year ago. Profit before taxation was ZAR 21,481,869 against ZAR 5,403,678 a year ago. Profit attributable to ordinary shareholders was ZAR 19,555,874 or 15.64 cents per diluted share against ZAR 4,003,915 or 3.20 cents per diluted share a year ago. Headline earnings were ZAR 4,764,329 or 3.81 cents per diluted share compared to ZAR 3,929,790 or 3.14 cents per diluted share a year ago. Cash flows used in operating activities were ZAR 5,856,548 against ZAR 11,019,733 a year ago. Purchase of property, plant and equipment was ZAR 15,254,627 compared to ZAR 16,288,135 a year ago. The board has declared a final gross dividend of 1.76 cents per share in respect of the year ended February 28, 2013. The dividend will be payable on July 1, 2013 to the shareholders of record on June 28, 2013. The shares trade ex-dividend date is June 24, 2013.

Gooderson Leisure Corporation Limited provided earnings guidance for the year ended February 28, 2013. For the year, the company expects the earnings per share to be around 15.00 cents to 17.00 cents compared to the previous corresponding period of 3.34 cents. The large increase is due to profits earned on the sale of the business and assets of the Beach Hotel in July 2012. The headline earnings per share are expected to increase by between 3.2 cents and 4.00 cents compared to the previous corresponding period of 3.27 cents.

Gooderson Leisure Corporation Limited announced that they will report fiscal year 2013 results on May 30, 2013