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Trading Statement
South Ocean Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/002381/06)
Share code: SOH
ISIN: ZAE000092748
Trading Statement
South Ocean Holdings’ headline loss per share for the year ended 31st December 2016 is expected to be
between 3.8 cents (42%) and 4.2 cents (46%) higher than the headline loss per share for the
corresponding prior year. The loss per share is expected to be between 15.3 cents and 16.9 cents higher
compared to the loss per share for the corresponding prior year.
The increase in the loss per share was partly a result of the net impairment charge of R13.5 million to the
plant and machinery of South Ocean Electric Wire Company due to the subsidiary’s value in use being
lower than the enterprise value and an additional net provision of Radiant’s inventory to the value of R6.4
million. The impairment and the additional provisions were performed to comply with IFRS.
As reported in the corresponding prior year, the headline loss per share and loss per share were 9.1
cents and 8.9 cents respectively.
The financial information on which this trading statement is based has not been reviewed or reported on
by South Ocean Holdings’ external auditors. The audited results for the 12 months ended 31st December
2016 are expected to be published on or about the 13th of March 2017.
By order of the Board
6 March 2017
Alrode
Sponsor
Investec Bank Limited
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