HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Unaudited condensed consolidated interim results for the six months ended 30 September 2020

Unaudited condensed consolidated interim results 
for the six months ended 30 September 2020

HOSKEN CONSOLIDATED INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1973/007111/06
Share code: HCI
ISIN: ZAE000003257
("HCI" or "the company" or "the group")


UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS 
for the six months ended 30 September 2020


SALIENT FEATURES
                                                              Unaudited     Unaudited
                                                                30 Sept       30 Sept             %
                                                                   2020          2019        change
Revenue*                                           (R'000)    3 848 862     7 229 570          (47%)
Net gaming win*                                    (R'000)    1 486 567     5 069 105          (71%)
Property rental income*                            (R'000)      317 285       476 962          (33%)
EBITDA*                                            (R'000)      422 565     3 255 406          (87%)
(Loss)/earnings per share                          (cents)       (353.1)        288.7         (222%)
Headline (loss)/earnings per share                 (cents)       (503.4)        467.0         (208%)
Dividend per share                                 (cents)            –            55         (100%)
Net asset value per share                          (cents)       14 570        19 301          (25%)
                  
Headline profit/(loss)                  
Media and broadcasting                                           14 376        57 319       
Gaming                                                         (281 830)      362 208       
Hotels                                                         (205 583)       16 682       
Transport                                                        58 769        97 743       
Properties                                                       19 759        57 366       
Coal mining                                                      42 795        34 355       
Branded products and manufacturing                                4 864        (8 283)      
Oil and gas prospecting                                         (19 733)      (16 777)      
Palladium prospecting                                           (25 166)      (23 360)      
Other                                                           (15 330)     (185 492)      
                                                               (407 079)      391 761         (204%)
                  
* Restated


DECLARATION OF CASH DIVIDEND
Due to the impact of the COVID-19 pandemic on the group's operations and the requirement to 
preserve cash resources, the directors have resolved not to declare an interim dividend.

DIRECTORS' STATEMENT
The directors, who take responsibility for the contents of this short-form announcement, present 
the unaudited condensed consolidated interim results of Hosken Consolidated Investments Limited for 
the six months ended 30 September 2020. 

The interim results were prepared under the supervision of the financial director, 
Mr JR Nicolella CA(SA), and have neither been audited nor independently reviewed by the group's 
auditors.

The financial information is only a summary and does not contain full details of the interim 
financial results. Any investment decisions by investors and/or shareholders should be based on 
information contained in the full announcement, accessible from 19 November 2020, via the JSE link 
https://senspdf.jse.co.za/documents/2020/jse/isse/HCI/interims.pdf or the company's website at 
www.hci.co.za.

Copies of the full announcement may also be requested by e-mail at info@hci.co.za and are available 
for inspection at the company's registered office, at no charge to investors and/or shareholders, 
during office hours (09:00 – 17:00) from Mondays to Fridays.

Signed on behalf of the board of directors

JA Copelyn                                 JR Nicolella
Chief Executive Officer                    Financial Director

19 November 2020


Directors: 
JA Copelyn (Chief Executive Officer), JR Nicolella (Financial Director), TG Govender, Y Shaik, 
MH Ahmed*, MF Magugu*, L McDonald**, SNN Mkhwanazi-Sigege**, VE Mphande* (Chairman), JG Ngcobo*, 
RD Watson*    (* Independent non-executive  ** Non-executive)

Company secretary: 
HCI Managerial Services Proprietary Limited

Registered office:
Suite 801, 76 Regent Road, Sea Point, 8005
PO Box 5251, Cape Town, 8000
Telephone: 021 481 7560
Telefax: 021 434 1539

Auditors: 
BDO South Africa Incorporated
Wanderers Office Park, 52 Corlett Drive, Illovo, 2196
Private Bag X10046, Sandton, 2146

Transfer secretaries:
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
Private Bag X9000, Saxonwold, 2132

Sponsor:
Investec Bank Limited
100 Grayston Drive, Sandton, Sandown, 2196

Website:
www.hci.co.za

Date: 19-11-2020 03:41:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.