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Argent Industrial Limited Registration number 1993/002054/06 ( Incorporated in the Republic of South Africa ) Share code : ART ISIN code : ZAE000019188 ( " Argent " or " the group " or " the company " ) ABRIDGED UNAUDITED AND UNREVIEWED INTERIM CONSOLIDATED RESULTS FOR THE 6 MONTHS ENDED 30 SEPTEMBER 2021 Financial Highlights Revenue up Headline earnings per share Headline earnings per share up Basic earnings per share Basic earnings per share up Gearing Net asset value per share 21.3 % 148.1 cents 101.0 % 142.5 cents 91.8 % 18.4 % 2,064.7 cents The abridged unaudited financial statements are presented on a consolidated basis . Consolidated Statement of Profit or Loss for the period ended Unaudited 6 months 30 Sep 2020 Audited year ended 31 Mar 2021 R 000 Unaudited 6 months 30 Sep 2021 R 000 R 000 Revenue Cost of sales 1,060,371 874,086 1,965,960 ( 783,778 ) ( 661,178 ) ( 1,470,213 ) Gross profit 276,593 212,908 495,747 Net operating income 2,702 878 Net operating expenses ( 163,330 ) ( 149,585 ) ( 307,091 ) Operating profit before finance costs 115,965 63,323 189,534 Finance income 1,353 2,101 3,218 Finance expense ( 6,561 ) ( 9,854 ) ( 16,918 ) Profit before taxation 110,757 55,570 175,834 Taxation ( 27,453 ) ( 10,840 ) ( 43,779 ) Profit for the period 83,304 44,730 132,055 Attributable to equity holders of the - Parent 82,217 45,353 130,362 - Non - controlling interest 1,087 ( 623 ) 1,693 83,304 44,730 132,055 Basic earnings per share ( cents ) 142.5 74.3 217.3 Diluted earnings per share ( cents ) 142.5 74.3 216.0 Headline earnings per share ( cents ) 148.1 73.7 217.9 Diluted headline earnings per share ( cents ) 148.1 73.7 216.6 Dividends per share ( cents ) 0.0 0.0 0.0 Supplementary information Shares in issue ( 000 ) - at end of period excluding treasury shares 57,395 61,021 58,425 - at end of period including treasury shares 59,521 64,567 60,551 -weighted average 57,679 61,021 59,999 - diluted weighted average 57,679 61,021 60,361 Interest expense on lease liabilities ( R 000 ) . 3,601 4,188 8,330 Amortisation of intangibles ( R 000 ) 156 183 Amortisation of right - of - use assets ( R 000 ) 11,010 11,494 350 22,639 Depreciation of property , plant and equipment ( R 000 ) 15,158 14,477 28,897