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SOUTH OCEAN HOLDINGS LIMITED - Further announcement relating to the correction of prior year published results

Release Date: 29/03/2018 09:17
Code(s): SOH     PDF:  
Wrap Text
Further announcement relating to the correction of prior year published results

South Ocean Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/002381/06)
Share code: SOH
ISIN: ZAE000092748


FURTHER ANNOUNCEMENT RELATING TO THE CORRECTION OF PRIOR YEAR PUBLISHED RESULTS


Shareholders are referred to the results announcement published on 22 March 2018 and are
advised that the prior year headline loss information contained a correction from the previous
headline loss information published on 13 March 2017. The difference arose due to the
adjustments used to calculate the headline loss in the prior year being pre-tax numbers as
opposed to after tax numbers.

The change to the information is presented below:

Reconciliation of headline loss

                                                                (Published on         (Published on
                                                                22 March 2018)        13 March 2017)
                                                                  31 December           31 December
 R’000                                                                   2016                  2016

 Loss attributable to equity holders of the Group                     (39 139)              (39 139)
 Profit on disposal of property, plant and equipment                      (78)                 (108)
 Net impairment                                                        13 495                18 743
                                                                      (25 722)              (20 504)


 Headline loss per share (cents)                                        (16.4)                (13.1)

The correct figure for the 2016 headline loss is 16.4 cents per share as published on 22 March
2018.


By order of the Board
Alrode

29 March 2018

Sponsor
Arbor Capital Sponsors Proprietary Limited

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