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Audited Financial Results for the year ended 31 December 2019
South Ocean Holdings Limited
(Registration number 2007/002381/06)
Incorporated in the Republic of South Africa
(“South Ocean Holdings”)
Share Code: SOH ISIN: ZAE000092748
SHORT FORM SENS ANNOUNCEMENT:
Audited Financial Results for the year ended 31 December 2019
South Ocean Holdings Limited (‘the Company”) and its subsidiaries (“the Group”) manufacture and distribute electrical cables and
hold investments in a property investment company.
SALIENT FEATURES
Revenue Decrease from R1 727 million to R1 557 million
Operating loss Profit of R61.0 million decrease to loss of R8.8 million
Loss per share Increase from 1.9 cents to 7.8 cents per share
Headline loss per share Profit of 3.7 cents decrease to loss of 4.1 cents per share
Tangible net asset value Decrease from 240.5 cents to 231.9 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 was released on SENS on 20 March 2020 and 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/2020/JSE/ISSE/SOH/SOHAR2019.pdf.
Copies of the full announcement are available for inspection at the Company’s registered office and at the offices of the sponsor, at no charge,
during office hours. South Ocean Holdings has not declared a dividend for the year under review (2018: Nil). Any investment decision should be
based on the full announcement published on SENS and on the Company’s website.
For and on behalf of the board
K H Pon J P Bekker
Chairperson Chief Executive Officer and Acting Chief Financial Officer
Johannesburg
20 March 2020
Directors: KH Pon# (Chairman), HL Li#º (Deputy Vice-Chairman), JP Bekker* (Chief Executive Officer and Acting Chief Financial Officer), N
Lalla#, B Petersen?, CF Chen?º, M Chong#, JH Yeh#º, CY Wu?ºA, DJC Pan?@A
* Executive # Independent Non-Executive ? Non-Executive º Taiwanese @ Brazilian A Alternate
Company Secretary: W T 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 Bierman Avenue, Rosebank, Johannesburg,
2196, Tel +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: 20-03-2020 05:00:00
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