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SOUTH OCEAN HOLDINGS LIMITED - Unaudited Summaries Results Announcement for the six months ended 30 June 2019

Release Date: 02/08/2019 14:21
Code(s): SOH     PDF:  
 
Wrap Text
Unaudited Summaries Results Announcement for the six months ended 30 June 2019

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


Unaudited Summarised Results Announcement for the six months ended 30 June 2019

South Ocean Holdings (“the Group”) is an investment holding company, comprising two operating
subsidiaries which manufacture low voltage electrical cables and which holds property for investment
purposes.

FINANCIAL HIGHLIGHTS
Revenue                                                         19.8% to R777.4 million

Operating profit                                                265.7% to R14.2 million

Earnings per share                                              145.5% to 3.0 cents per share

Headline earnings per share                                     542.9% to 3.1 cents per share

Tangible net asset value                                        2.5% to 242.7 cents per share

The short-form announcement is the responsibility of the directors and is only a summary of
the information in the full announcement and does not contain full or complete details. The full
announcement can be found on the Company’s website at www.southoceanholdings.co.za and also
at the following link:

https://senspdf.jse.co.za/documents/2019/JSE/ISSE/SOH/SOHIR2019.pdf.

Copies of the full announcement may also be requested at the Company’s registered office and at
the offices of the sponsor, at no charge, during office hours. In line with the Group’s dividend policy,
South Ocean Holdings has not declared a dividend. Any investment decision should be based on the
full announcement which can be obtained through the abovementioned link and on the Company’s
website.

For and on behalf of the board     

KH Pon CA(SA)                                                                      JP Bekker CA(SA)
Chairman                                                                    Chief Executive Officer

Johannesburg
2 August 2019

Directors: KH Pon# (Chairman), HL Li#º (Deputy Vice-Chairman), JP Bekker* (Chief Executive Officer),
MK Zack* (Chief Financial Officer), N Lalla#, B Petersen?, CF Chen?º, M Chong#, JH Yeh#, CY Wu?ºA, DJC Pan?@A
* Executive # Independent Non-Executive ? Non-Executive º Taiwanese @ Brazilian A Alternate
Company Secretary: WT Green, 21 West Street, Houghton, 2198 (PO Box 123738, Alrode, 1451)
Registered Office: 12 Botha Street, Alrode, 1451 (PO Box 123738, Alrode, 1451)
Transfer Secretary: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank,
Johannesburg, 21961. Telephone: +27 11 370 5000
Sponsor: Arbor Capital Sponsors Proprietary Limited, 20 Stirrup Lane, Woodmead Office Park, Corner Woodmead Drive and
Van Reenens Avenue, Woodmead, 2191 (Suite #439, Private Bag X29, Gallo Manor, 2052)
Registered Auditors: PricewaterhouseCoopers Inc., 4 Lisbon Lane, Waterfall City, Jukskeiview, Johannesburg, 2090.
Telephone: +27 12 797 4000

Date: 02/08/2019 02:21:00
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