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SOUTH OCEAN HOLDINGS LIMITED - SF Announcement: Unaudited Summarised Results for the Six Months Ended 30 June 2024

Release Date: 08/08/2024 13:25
Code(s): SOH     PDF:  
Wrap Text
SF Announcement: Unaudited Summarised Results for the Six Months Ended 30 June 2024

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")

SHORT-FORM ANNOUNCEMENT
UNAUDITED SUMMARISED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024

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
                                                          2024               2023
                                                     Unaudited          Unaudited         Percentage
                                                         R'000              R'000             Change
 Revenue                                             1 308 458          1 238 392                5.7
 Operating Profit                                       68 146             67 052                1.6
 Earnings per share (cents)                              21.50              23.90              (10.0)
 Headline earnings per share (cents)                     21.50              23.90              (10.0)
 Dividend per share                                          -                  -                  -
 Tangible Net Asset Value                                340 4              310.2                9.7

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 8 August 2024 and does not contain full
or complete details. The full announcement can be found on the Company's website at
www.southoceanholdings.co.za and can be viewed at the following link:

https://senspdf.jse.co.za/documents/2024/JSE/ISSE/SOH/SOHIR2024.pdf

Copies of the full announcement may also be requested from the Company by sending an email
to werner@soew.co.za 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
Independent Non-Executive Director                                            Executive Director
(Chairperson)                                                           (Chief Executive Officer)

Johannesburg
8 August 2024

 Directors: KH Pon# (Chairperson), HL Li#º (Deputy Vice-Chairperson), A Smith* (Chief Executive
 Officer), WP Basson*(Chief Financial Officer), N Lalla#, J van Rensburg?, LL Chen?^, JH Yeh#,
 DJC Pan ?@ (Alternate), SN Yeh ?º (Alternate)
 * Executive # Independent Non-executive ? 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: www.southoceanholdings.co.za
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: www.computershare.com
Auditors: BDO South Africa Inc. 52 Corlett Drive, Wanderers Office Park, Illovo, 2196. Telephone:
+27(10) 590 7200. Website : www.bdo.co.za

Date: 08-08-2024 01:25:00
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