sabvest ltd (SBV) Snapshot

Sabvest Ltd., Annual General Meeting, Apr 24, 2013., at 09:00 South Africa Standard Time. Location: Ground Floor, 4 Commerce Square. Agenda: To transact the business.

Sabvest Ltd. announced audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported gross income from operations and investments of ZAR 172,845,000 compared to ZAR 115,522,000 a year ago. Net income before taxation was ZAR 145,180,000 compared to ZAR 84,257,000 a year ago. Net income for the period attributable to equity shareholders was ZAR 138,923,000 or ZAR 301.2 per share compared to ZAR 81,651,000 or ZAR 176.6 per share a year ago. Headline earnings for the year were ZAR 138,805,000 or ZAR 300.9 per share compared to ZAR 82,343,000 or ZAR 178.1 per share a year ago. Cash generated by operating activities excluding dividends paid was ZAR 14,806,000 compared to ZAR 4,533,000 a year ago. The company announced that a final gross dividend of 20 cents per ordinary share and N ordinary share, out of income reserves, for the twelve months ended December 31, 2012 has been declared making a total of 32 cents for the year. The dividend will be payable on March 25, 2013. The company announced record date as March 22, 2013 and trading EX dividend commences as March 15, 2013.

Sabvest Ltd. provided earnings guidance for the year ended December 31, 2012. For the year, the company expects headline earnings per share to be of 301 cents compared to 178.1 cents for the same period a year ago. Earnings per share expected to be of 301 cents compared to 176.6 cents a year ago. Net asset value per share expected to be of 1.862 cents compared to 1.563 cents a year ago. The company Provided dividend guidance for the year ending December 31, 2012. For the year, the company expects dividend of 32 cents compared to 24 cents a year ago.