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SOUTH OCEAN HOLDINGS LIMITED - Short Form Announcement - Unaudited Summarised Results Announcement for the Six months Ended 30 June 2023

Release Date: 03/08/2023 17:30
Code(s): SOH     PDF:  
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Short Form Announcement - Unaudited Summarised Results Announcement for the Six months Ended 30 June 2023

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


South Ocean Holdings is a holding company of a number of subsidiaries whose business involves
the manufacturing and distribution of electrical cables, compounding, conduit, and the rental of
property. It has investments in a number of associates whose business serves as outlets for electrical
cables and conduit.

                                          SALIENT FEATURES

                                                      30 June           30 June
                                                         2023              2022
                                                    Unaudited         Unaudited          Percentage
                                                        R’000             R’000              Change
Revenue                                             1 238 392           979 511                26.4
Operating Profit                                       65 265            46 433                40.6
Earnings per share (cents)                              23.90             15.89                50.4
Headline earnings per share (cents)                     23.90             15.80                51.3
Dividend per share                                          -                 -                   -
Tangible Net Asset Value                                310.2             285.9                 8.5

In line with the Group’s dividend policy, South Ocean Holdings has not declared an interim dividend
as this is considered at year end. Any investment decision by investors and/or shareholders should
be based on consideration of the full announcement published on SENS and on the Company’s
website as a whole.

This short-form announcement is the responsibility of the directors and is only a summary of the
information in the full announcement published on SENS on 3 August 2023 and does not contain full
or complete details. The full announcement can be found on the Company’s website at and can be viewed at the following link:

Copies of the full announcement may also be requested from the Company by sending an email
to or may be inspected at the Company’s registered office and at the offices
of the sponsor, at no charge, during office hours.
For and on behalf of the Board

K H Pon CA(SA)                                                                            A Smith
Chairperson                                                                Chief Executive Officer

3 August 2023

Directors: KH Pon# (Chairperson), HL Li#º (Deputy Vice-Chairperson), A Smith* (Chief
Executive Officer), WP Basson*(Chief Financial Officer), N Lalla#, J van Rensburgv, LL
Chenv^, M Chong#, JH Yeh#, DJC Pan v@ (Alternate), SN Yeh vº (Alternate)
* Executive # Independent Non-executive v Non-executive º Taiwanese @
Brazilian ^ Hong Kong

Corporate Information

Registered Office: 12 Botha Street, Alrode 1451, P.O. Box 123738, Alrode, 1451, Telephone: +27(11)
864 1606, Telefax: +27(86) 628 9523, Website:
Company Secretary: WT Green, 21 West Street, Houghton, 2198, P.O. Box 123738, Alrode, 1451
Sponsor: AcaciaCap Advisors Proprietary Limited (Registration No: 2006/033725/07), 20 Stirrup
Lane, Woodmead Office Park, Woodmead, 2191 (Suite #439, Private Bag X29, Gallo Manor, 2052)
Share Transfer Secretary: Computershare Investor Services Proprietary Limited, Rosebank Towers,
15 Bierman Avenue, Rosebank, Johannesburg, 2196, P.O. Box 61051, Marshalltown, 2107, South
Africa Telephone: +27(11) 370 5000, Telefax: +27(11) 688 5200 Website:
Auditors: PricewaterhouseCoopers Inc. 4 Lisbon Lane, Waterfall City, Jukskei View, Johannesburg,
2090. Telephone: +27(11) 797 4000 Telefax +27(11) 797 5800, Website:

Date: 03-08-2023 05:30:00
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.

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