Spanjaard Ltd. reported group audited earnings results for the year ended February 28, 2013. The company reported revenue of SAR 112,213,000, turnover of SAR 111,045,000, profit before tax of SAR 6,005,000, profit of SAR 4,035,000 or 50 cents per basic and diluted share against revenue of SAR 112,953,000, turnover of SAR 112,637,000, profit before tax of SAR 7,385,000, profit of SAR 4,338,000 or 53.3 cents per basic and diluted share a year ago. Capital expenditure was SAR 1,536,000 against SAR 1,533,000 a year ago. Cash flows from operating activities were SAR 2,732,000 against SAR 547,000 a year ago.

Spanjaard Ltd. declared a final dividend of 10 cents per ordinary for the financial year ending 28 February 2013 and together with the interim dividend of 15 (fifteen) cents per ordinary share paid in November 2012, totals 25 (twenty five) cents per ordinary share declared for the 2013 financial year. The dividend is payable on May 27, 2013 to the shareholders recorded on May 24, 2013 and the ex dividend date is May 20, 2013.

Spanjaard Ltd. announced unaudited consolidated financial results for the six months ended August 31, 2012. For the period, the company reported revenue of ZAR 55.067 million against ZAR 50.507 million a year ago. Profit from operations was ZAR 3.218 million against ZAR 3.130 million a year ago. Profit before tax was ZAR 2.627 million against ZAR 2.433 million a year ago. Total comprehensive income for the period was ZAR 1.933 million or 23.1 cents per basic and diluted share against ZAR 1.580 million or 19.4 cents per basic and diluted share a year ago. Cash flows used in operating activities was ZAR 4.874 million against ZAR 0.581 million a year ago. Capital expenditure was ZAR 1.121 million against ZAR 0.960 million a year ago. Headline earnings was ZAR 1.882 million or 23.1 cents per basic and diluted share against ZAR 1.578 million or 19.4 cents per basic and diluted share a year ago. The company declared dividend of 15 cents per ordinary share has been for the six months ended 31 August 2012. The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. The record date will be 23 November 2012 and payment will be made on 26 November 2012.