Sabvest interim results June 2019
Gross income from operations and investments fell to R95.4 million (2018: R227.2 million), net income for the year attributable to equity shareholders plunged to R52.6 million (2018: R160 million), while headline earnings per share dropped to 125.7 cents per share (2018: 352.9 cents per share).
An interim dividend of 36 cents (2018: 32 cents) per ordinary and ĎN' ordinary share for the six months ended 30 June 2019 has been declared out of income reserves.
Overall the unlisted portfolio is expected to deliver satisfactory growth and returns in the period ahead. While it is obviously not possible to predict share prices of the groupís listed investments, the improving fundamentals of each and/or possible corporate actions relating to some of them are likely to enhance perceptions of value and thereby share prices in due course.