WILSON BAYLY HOLMES-OVCON LIMITED - Unaudited Interim Financial Statements for the six months ended 31 December 2020

Unaudited Interim Financial Statements for the six months ended 31 December 2020

Wilson Bayly Holmes-Ovcon Limited
(Registration number 1982/011014/06)
(Incorporated in the Republic of South Africa)
Share code: WBO
ISIN: ZAE 000009932
("WBHO" or "the company")

UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2020 

FINANCIAL HIGHLIGHTS:
The Group's operations in Africa and the United Kingdom once again produced solid results over 
the first six months of the financial year amidst a challenging environment. Despite further losses 
incurred within the infrastructure business in Australia, both the Australian building operations and 
the wider Group returned to profitability.

- Revenue for the year decreased by 11% to R20 billion (Dec 2019: R23 billion)
- Earnings per share decreased by 92% to 32 cents per share (Dec 2019: 412 cents per share)
- Headline earnings per share decreased by 80% to 81 cents per share (Dec 2019: 411 cents per share)
- No interim dividend has been declared for the period ending 31 December 2020 (Dec 2019: Nil cents per share)
- The net asset value amounts to R5,6 billion (Dec 2019: R6,3 billion) 

Link to full results https://senspdf.jse.co.za/documents/2021/jse/isse/WBO/Interims20.pdf

The directors are responsible for the preparation and fair presentation of the summary consolidated interim 
financial statements for the period ended 31 December 2020 of WBHO.

The short-form announcement is a summary of the information include in the full announcement, and any investment 
decision should be based on the full announcement. 

The full announcement is published on the company's website at www.wbho.co.za/investors. In addition, it is available 
for inspection at the company's registered offices and the company sponsor detailed below, at no charge, every Monday 
to Friday between 08:00 and 17:00.  Copies of the full announcement may also be requested via email 
from Shereen.Vally-Kara@wbho.co.za.

CASH DIVIDEND 
In light of the continued losses incurred in Australia and the associated parent company funding required to support 
the Australian operations, the Board has elected not to declare a dividend in respect of the reporting period 
ended 31 December 2020.

For and on behalf of the board

EL Nel          WP Neff                     CV Henwood
Chairman        Chief Executive Officer     Chief Financial Officer

Registered office
53 Andries Street 
Wynberg
Sandton

2 March 2021
Sandton

Sponsor: Investec Bank Limited


Date: 02-03-2021 07:05:00
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