HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Reviewed provisional results for the year ended 31 March 2020

Reviewed provisional results for the year ended 31 March 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")


REVIEWED PROVISIONAL RESULTS
FOR THE YEAR ENDED 31 MARCH 2020


SALIENT FEATURES
                                                               Reviewed       Audited
                                                               31 March      31 March             %
                                                                   2020          2019        change
Revenue*                                           (R'000)   14 924 170    14 325 992            4%
Net gaming win                                     (R'000)    9 846 472     9 827 869            0%
Property rental income*                            (R'000)    1 023 944       970 655            5%
EBITDA*                                            (R'000)    6 761 707     6 589 056            3%
(Loss)/earnings per share                          (cents)     (4 591.5)        826.2         (656%)
Headline earnings per share                        (cents)      1 263.2       1 200.2            5%
Dividend per share                                 (cents)           55***        265          (79%)
Net asset value per share                          (cents)       15 269        19 043          (20%)
                     
Headline profit                     
Media and broadcasting                                          122 357        69 360        
Gaming                                                          667 835       798 843        
Hotels                                                           99 245       136 807        
Transport                                                       203 889       177 836        
Properties                                                       85 298        67 862        
Coal mining                                                     101 198       211 348        
Branded products and manufacturing                              (15 888)      (15 124)       
Oil and gas prospecting                                          (4 510)      (44 558)       
Palladium prospecting                                           (39 937)      (36 798)       
Other**                                                        (172 579)     (337 053)       
                                                              1 046 908     1 028 523            2%
                     
*   Restated
**  Results for the prior year restated for reclassification of oil and gas prospecting and 
    palladium prospecting segments
*** Interim dividend only 
                    

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 a final dividend.

AUDITOR'S REVIEW
The condensed consolidated financial statements for the year ended 31 March 2020 have been reviewed 
by the group's auditors, BDO South Africa Inc., who expressed an unmodified review conclusion.

DIRECTORS' STATEMENT
The directors, who take responsibility for the contents of this short-form announcement, present 
the reviewed provisional results of Hosken Consolidated Investments Limited for the year ended 
31 March 2020. The results were prepared under the supervision of the financial director, 
Mr JR Nicolella CA(SA).

The financial information is only a summary and does not contain full details of the financial 
results. Any investment decisions by investors and/or shareholders should be based on information 
contained in the full announcement, accessible from 17 June 2020, via the JSE link 
(https://senspdf.jse.co.za/documents/2020/jse/isse/HCI/FY2020.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

17 June 2020


Directors: 
JA Copelyn (Chief Executive Officer), JR Nicolella (Financial Director), TG Govender, Y Shaik, MSI Gani*, 
MF Magugu*, L McDonald**, SNN Mkhwanazi-Sigege*, VE Mphande* (Chairman), JG Ngcobo*, R 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
PO Box 61051, Marshalltown, 2107

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

Website:
www.hci.co.za


Date: 17-06-2020 04:37:00
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