Wrap Text
Reviewed Condensed Annual Financial Statements and Cash Dividend Declaration for the year ended 31 March 2024
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 CONDENSED ANNUAL FINANCIAL STATEMENTS
AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 31 MARCH 2024
SALIENT FEATURES
Reviewed Audited
31 Mar 31 Mar %
2024 2023 change
Revenue (R'000) 13 306 005 12 575 559 6%
Net gaming win (R'000) 9 672 551 9 626 677 0%
Property rental income (R'000) 754 670 696 699 8%
EBITDA (R'000) 6 046 958 5 639 052 7%
Earnings per share (cents) 806.1 3 965.7 (80%)
Headline earnings per share (cents) 1 453.6 2 050.7 (29%)
Dividend per share (cents) 100 50 100%
Net asset value per share (cents) 23 504 22 466 5%
Headline earnings/(loss) (R'000)
Media and broadcasting 212 088 238 931
Gaming 880 364 795 635
Hotels 309 603 286 626
Transport 321 004 231 813
Properties 75 347 61 217
Coal mining 226 840 308 590
Branded products and manufacturing 87 922 113 707
Oil and gas prospecting (528 175) (75 071)
Palladium prospecting (25 118) (21 638)
Other (384 330) (281 432)
1 175 545 1 658 378 (29%)
DECLARATION OF CASH DIVIDEND
The directors of HCI have resolved to declare a final ordinary dividend number 62 of R1.00 (gross)
per HCI share for the year ended 31 March 2024 from income reserves. The salient dates for the
payment of the dividend are as follows:
Last day to trade cum dividend Tuesday, 23 July 2024
Commence trading ex dividend Wednesday, 24 July 2024
Record date Friday, 26 July 2024
Payment date Monday, 29 July 2024
No share certificates may be dematerialised or rematerialised between Wednesday, 24 July 2024 and
Friday, 26 July 2024, both dates inclusive.
In terms of legislation applicable to Dividends Tax ("DT") the following additional information
is disclosed:
- The local DT rate is 20%.
- The number of ordinary shares in issue at the date of this declaration is 85 620 648.
- The DT amounts to 20 cents per share.
- The net local dividend amount is 80 cents per share for all shareholders who are not exempt
from the DT.
- Hosken Consolidated Investments Limited's income tax reference number is 9050/177/71/7.
In terms of the DT legislation, any DT amount due will be withheld and paid over to the
South African Revenue Service by a nominee company, stockbroker or Central Securities Depository
Participant (collectively "regulated intermediary") on behalf of shareholders. All shareholders
should declare their status to their regulated intermediary as they may qualify for a reduced
DT rate or exemption.
AUDITOR'S REVIEW REPORT
The condensed annual financial statements for the year ended 31 March 2024 have been reviewed by
the group's auditors, Mazars, who expressed an unmodified review conclusion.
DIRECTORS' STATEMENT
The directors, who take responsibility for the contents of this short-form announcement,
present the reviewed condensed annual financial statements of Hosken Consolidated Investments Limited
for the year ended 31 March 2024. The condensed annual financial statements 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 23 May 2024, via the JSE link
https://senspdf.jse.co.za/documents/2024/jse/isse/HCI/YE24.pdf or the Company's website
at http://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
23 May 2024
Directors:
JA Copelyn (Chief Executive Officer), JR Nicolella (Financial Director), TG Govender, Y Shaik,
MH Ahmed*, MF Magugu*, L McDonald**, SNN Mkhwanazi*, VE Mphande* (Chair), 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
Auditors:
Mazars, Mazars House, Rialto Road,
Grand Moorings Precinct, Century City, 7441
PO Box 134, Century City, 7446
Docex 9 Century City
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:
http://www.hci.co.za
Date: 23-05-2024 05:45:00
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