Efora Energy Sees Revenue Jump to R24.9M Amidst EPS Drop to -0.74 Cents

  • Revenue Surge: Efora Energy's revenue soared to R24.9 million, a substantial increase from zero in 2022.
  • Earnings Decline: Headline earnings per share (HEPS) dropped by 1.45 cents, resulting in a loss per share of 0.74 cents.
  • Dividend Status: No dividend was declared for the six months ended August 31, 2023, aligning with the prior period.

Efora Energy Limited has announced its unreviewed interim consolidated financial statements for the six months ended August 31, 2023.

Revenue Overview

Efora Energy’s revenue surged to R24.9 million. This marks a significant recovery from zero revenue in the same period in 2022. The revenue increase follows the disposals of Afric Oil Proprietary Limited and the Lagia operations in March 2022 and September 2021, respectively.

PeriodRevenue (R million)
Aug 202324.9
Aug 20220.0

Earnings Decline

Despite the revenue boost, headline earnings per share (HEPS) fell sharply. HEPS decreased by 1.45 cents, resulting in a headline loss per share of 0.74 cents. This is a notable drop from the 0.71 cents headline earnings per share recorded in August 2022.

Earnings Per Share

Earnings per share (EPS) mirrored the HEPS trend. EPS decreased by 1.45 cents, leading to a loss per share of 0.74 cents. This is down from 0.71 cents earnings per share in the corresponding period last year.

PeriodHEPS (cents)EPS (cents)
Aug 2023-0.74-0.74
Aug 20220.710.71

No Dividend Declared

Efora Energy did not declare a dividend for the six months ended August 31, 2023. The same decision was made in the previous period.


Efora Energy’s interim results reflect both progress and challenges. The significant revenue increase is a positive sign. However, the drop in earnings per share indicates ongoing financial pressures. Investors should review the full announcement for a complete understanding of the company’s financial health.

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