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HUDACO INDUSTRIES LIMITED - Unaudited Interim Results for the six months ended 31 May 2024 and Interim Cash Dividend Declaration Number 74

Release Date: 27/06/2024 17:44
Code(s): HDC     PDF:  
Wrap Text
Unaudited Interim Results for the six months ended 31 May 2024 and Interim Cash Dividend Declaration Number 74

HUDACO INDUSTRIES LIMITED
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC
ISIN: ZAE000003273
("Hudaco" or the "Company")


UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MAY 2024 AND INTERIM CASH DIVIDEND DECLARATION
NUMBER 74


Salient features

                                                                                 31 May                31 May                %
                                                                                   2024                  2023           Change
    Revenue (Rm)                                                                  3 983                 4 250             -6.3
    Operating profit (Rm)                                                           414                   465            -11.0
    Comparable earnings per share (cents)                                           785                   926            -15.3
    Headline earnings per share (cents)                                             785                   926            -15.3
    Basic earnings per share (cents)                                                785                   926            -15.3
    Interim dividend per share (cents)                                              325                   325
    Net asset value per share (cents)                                            11 427                10 809              5.7

Declaration of interim cash dividend number 74

Interim dividend number 74 of 325 cents per share is declared payable on Monday, 19 August 2024 to ordinary shareholders
recorded in the register at the close of business on Friday, 16 August 2024.

The timetable for the payment of the dividend is as follows:

Last day to trade cum dividend                                                             Tuesday, 13 August 2024
Trading ex dividend commences                                                            Wednesday, 14 August 2024
Record date                                                                                 Friday, 16 August 2024
Payment date                                                                                Monday, 19 August 2024

Share certificates may not be dematerialised or rematerialised between Wednesday, 14 August 2024 and Friday, 16 August 2024,
both days inclusive. The certificated register will be closed for this period.

In terms of the Listings Requirements of the JSE Limited regarding the Dividend Tax, the following additional information is
disclosed:

•       the dividend has been declared from income reserves;
•       the dividend withholding tax rate is 20%;
•       the net local dividend amount is 260 cents per share for shareholders liable to pay the Dividend Tax and 325 cents per share
        for shareholders exempt from the Dividend Tax;
•       Hudaco has 30 895 980 shares in issue (which includes 2 507 828 treasury shares); and
•       Hudaco's income tax reference number is 9400/159/71/2.

Short-form announcement

This short-form announcement is the responsibility of the directors of Hudaco. It is only a summary of the information contained
in the unaudited interim results for the six months ended 31 May 2024 (the "full announcement") and does not contain full or
complete details. Any investment decisions by investors and/or shareholders should be based on consideration of the full
announcement published on the JSE website at https://senspdf.jse.co.za/documents/2024/jse/isse/HDC/ie2024.pdf .

The full announcement is available on the Company's website (www.hudaco.co.za) and copies may be requested from the Company
at info@hudaco.co.za or may be inspected at the registered office of the Company, at no charge, during office hours.


27 June 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 27-06-2024 05:44:00
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