Wrap Text
Unaudited condensed consolidated interim results
for the six months ended 30 September 2019
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")
UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS
for the six months ended 30 September 2019
SALIENT FEATURES
Unaudited Unaudited
30 Sept 30 Sept %
2019 2018 change
Revenue** (R'000) 7 340 057 6 880 258 7%
Net gaming win* (R'000) 5 028 729 4 798 570 5%
Property rental income** (R'000) 497 098 458 851 8%
EBITDA* (R'000) 3 218 429 3 021 250 7%
Earnings per share (cents) 288.7 536.1 (46%)
Headline earnings per share (cents) 467.0 581.2 (20%)
Dividend per share (cents) 55 55 0%
Net asset value per share (cents) 19 301 18 476 4%
Headline profit
Media and broadcasting 57 319 23 156
Gaming 362 208 371 669
Hotels 16 682 19 883
Transport 97 743 57 605
Properties 57 366 31 922
Coal mining 34 355 141 470
Branded products and manufacturing (8 283) 9 297
Oil and gas prospecting (16 777) (5 027)
Palladium prospecting (23 360) -
Other*** (185 492) (150 856)
391 761 499 119 (22%)
* Restated
** Results for prior period restated for reclassification of property rental income amounting to
R458.9 million from revenue
*** Results for prior period restated for reclassification of oil and gas prospecting segment
DECLARATION OF CASH DIVIDEND
The directors of HCI have resolved to declare an interim ordinary dividend number 60 of 55 cents
(gross) per HCI share for the six months ended 30 September 2019 from income reserves. The salient
dates for the payment of the dividend are as follows:
Last day to trade cum dividend Tuesday, 10 December 2019
Commence trading ex dividend Wednesday, 11 December 2019
Record date Friday, 13 December 2019
Payment date Tuesday, 17 December 2019
No share certificates may be dematerialised or rematerialised between Wednesday, 11 December 2019
and Friday, 13 December 2019, 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 90 126 648.
- The DT amounts to 11 cents per share.
- The net local dividend amount is 44 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.
DIRECTORS' STATEMENT
The directors, who take responsibility for the contents of this short-form announcement, present
the unaudited condensed consolidated interim results of Hosken Consolidated Investments Limited
for the six months ended 30 September 2019. The interim results 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 interim
financial results. Any investment decisions by investors and/or shareholders should be based on
information contained in the full announcement, accessible from 21 November 2019, via the JSE link
https://senspdf.jse.co.za/documents/2019/jse/isse/HCI/interims.pdf or the company's website
at 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
Cape Town
21 November 2019
Directors:
JA Copelyn (Chief Executive Officer), JR Nicolella (Financial Director), TG Govender, Y Shaik,
MSI Gani*, MF Magugu*, SNN Mkhwanazi*, VE Mphande* (Chairman), JG Ngcobo*, R Watson*
(* independent 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
Telefax: 021 434 1539
Auditors:
BDO South Africa Incorporated
Wanderers Office Park, 52 Corlett Drive, Illovo, 2196
Private Bag X10046, Sandton, 2146
Transfer secretaries:
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
PO Box 61051, Marshalltown, 2107
Sponsor:
Investec Bank Limited
100 Grayston Drive, Sandton, Sandown, 2196
Website:
www.hci.co.za
Date: 21/11/2019 05:41:00
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