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SOUTH OCEAN HOLDINGS LIMITED - Group Summarised Consolidated Interim Financial Results Announcement for the Six Months Ended 30 June 2020

Release Date: 06/08/2020 17:01
Code(s): SOH     PDF:  
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Group Summarised Consolidated Interim Financial Results Announcement for the Six Months Ended 30 June 2020

South Ocean Holdings Limited
(Registration number 2007/002381/06)
Incorporated in the Republic of South Africa
(“South Ocean Holdings”)
Share Code : SOH                                ISIN: ZAE000092748

Unaudited Summarised Results Announcement for the six months ended 30 June 2020

South Ocean Holdings Ltd (“the Group”) is an investment holding company, comprising two operating subsidiaries which manufacture
low voltage electrical cables and which hold property for investment purposes.

                                                           FINANCIAL HIGHLIGHTS

 Revenue                                             Down     14.5%         To     R661.1 million

 Operating profit                                    Down    229.2%         To     R14.6 million

 Loss per share                                      Down    316.7%         To     6.5 cents per share

 Headline loss per share                             Down    309.7%         To     6.5 cents per share

 Tangible net asset value                            Down      2.8%         To     225.5 cents per share
 (movement from December 2019)

The short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement and does
not contain full or complete details. The full announcement can be found on the Company’s website at and can
be viewed at the following link:

Copies of the full announcement may also be requested from the company or inspected at the company’s registered office and at the offices of
the sponsor, at no charge, during office hours. In line with the Group’s dividend policy, South Ocean Holdings has not declared an interim dividend.
Any investment decision should be based on the full announcement published on SENS and on the Company’s website.

On behalf of the Board

K H Pon CA(SA)                                                           JP Bekker CA(SA)
Chairperson                                                              Chief Executive Officer and Acting Chief Financial Officer

6 August 2020

Directors: KH Pon# (Chairperson), HL Li#º (Deputy Vice-Chairman), JP Bekker* (Chief Executive Officer and Acting Chief Financial Officer), N
Lalla#, B Petersen#, CF Chen?º, M Chong#, JH Yeh#, CC Liu?ºA, DJC Pan?@A
* Executive   #   Independent Non-Executive   ?   Non-Executive   º Taiwanese @ Brazilian AAlternate

Company Secretary: W T Green, 21 West Street, Houghton, 2198 (PO Box 123738, Alrode, 1451)

Registered Office: 12 Botha Street, Alrode, 1451 (PO Box 123738, Alrode, 1451)

Transfer Secretary: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Bierman Avenue, Rosebank, Johannesburg,
2196, Tel +27 11 370 5000

Sponsor: AcaciaCap Advisors (Pty) Ltd, 20 Stirrup Lane, Woodmead Office Park, Corner Woodmead Drive and Van Reenens Avenue,
Woodmead, 2191 (Suite #439, Gallo Manor, 2052)
Registered Auditors: PricewaterhouseCoopers Inc. 4 Lisbon Lane, Waterfall City, Jukskeiview, Johannesburg, 2090. Telephone: +27 12 797
4000, website:

Date: 06-08-2020 05:01:00
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