Nvest Financial Holdings Limited reported unaudited consolidated earnings results for the six months ended August 31, 2016. For the period, the company reported revenue of ZAR 139,294,745 against ZAR 78,929,301 a year ago. Operating profit was ZAR 46,096,321 against ZAR 29,539,875 a year ago. Profit before taxation was ZAR 46,512,183 against ZAR 32,032,700 a year ago. Profit attributable to owners of the parent was ZAR 31,108,459 against ZAR 23,200,112 a year ago. Earnings per share were 10.28 cents against 11.01 cents a year ago. Headline earnings per share were 10.04 cents against 9.31 cents a year ago. Net asset value per share was 124.55 cents against 85.80 cents a year ago. Net cash from operating activities was ZAR 37,477,791 against ZAR 24,660,331 a year ago. Purchase of property, plant and equipment was ZAR 21,663,005 against ZAR 83,415 a year ago.

The Board of the company has declared an interim dividend of 5.3000 cents per share for the six months ended 31 August 2016, which amounts to 52.81% of headline earnings and a year-on-year growth in interim dividend of 17.78% (and a 10.42% growth in dividend over the 6 month period). The dividend is declared out of income reserves of the Group. The dividend will be subject to a dividend withholding tax rate of 15% or 0.7950 cents per ordinary share. Shareholders, unless exempt or qualifying for a reduced withholding tax rate, will receive a net dividend of 4.5050 cents per share. Record date is December 15, 2016 and payment date is December 19, 2016. Ex-date is December 13, 2016.