Sabvest final results December 2018
Gross income from operations and investments lowered to R364.4 million (R570.9 million). Net income before expenses and exceptional items dived to R332.7 million (R553.0 million). Net income for the year attributable to equity holders dipped to R238.1 million (R688.4 million). In addition, headline earnings per share took a knock to 530.9 cents per share (1 517.3 cents per share).
Cash dividend declaration
Notice is hereby given that a final dividend of 36 cents (2017: 35 cents) per ordinary and ‘N' ordinary share for the year ended 31 December 2018 has been declared out of income reserves making a total of 68 cents for the year (2017: 61 cents).
All of the group's unlisted investee companies are budgeting improved profitability in 2019.
In the listed portfolio, Corero, Rolfes, Transaction Capital and Value Capital Partners are performing to expectations but it is obviously not possible to project likely listed share prices. In certain of the investees actions are being taken with the intention of unlocking value appropriately.
We anticipate a satisfactory year in 2019.