To view the PDF file, sign up for a MySharenet subscription.

HUDACO INDUSTRIES LIMITED - Audited results for the year ended 30 November 2019

Release Date: 31/01/2020 08:00
Code(s): HDC     PDF:  
Wrap Text
Audited results for the year ended 30 November 2019

Hudaco Industries Limited
(“Hudaco” or “the company”)
Incorporated in the Republic of South Africa
Registration number: 1985/004617/06
Share code: HDC
ISIN code: ZAE000003273

Audited results for the year ended 30 November 2019

                                               30 November 2019     30 November 2018      Percentage change
                                                           (Rm)                 (Rm)
 Turnover                                                 6 704                6 381                      5.1
 Operating profit                                           701                  655                      6.9
 Basic earnings per share (cents)                         1 355                1 202                     12.7
 Headline earnings per share (cents)                      1 355                1 289                      5.1
 Comparable earnings per share (cents)                    1 240                1 198                      3.5
 Dividends per share (cents)                                600                  570                      5.3


The auditors have issued an unqualified audit opinion on the audited results for the year ended 30 November
2019.

Declaration of final dividend no 66

Final dividend number 66 of 410 cents per share (2018: 380 cents per share) is declared payable on Monday 24
February 2020 to ordinary shareholders recorded in the register at the close of business on Friday 21 February
2020.

The timetable for the payment of the dividend is as follows:

  Last day to trade cum dividend                        Tuesday 18 February 2020
  Trading ex dividend commences                         Wednesday 19 February 2020
  Record date                                           Friday 21 February 2020
  Payment date                                          Monday 24 February 2020

Share certificates may not be dematerialised or rematerialised between Wednesday 19 February 2020 and
Friday, 21 February 2020, both days inclusive. The certificated register will be closed for this period.

In terms of the Listings Requirements of the JSE Limited regarding the Dividends Tax the following additional
information is disclosed:
     • The dividend has been declared from income reserves;
     • The dividend withholding tax rate is 20%;
     • The net local dividend amount is 328 cents per share for shareholders liable to pay the Dividend Tax
       and 410 cents per share for shareholders exempt from the Dividend Tax;
     • Hudaco Industries Limited has 34 153 531 shares in issue (which includes 2 507 828 treasury shares);
       and
     • Hudaco Industries Limited’s income tax reference number is 9400/159/71/2

About this Announcement

This short-form announcement is the responsibility of the directors of Hudaco. It is only a summary of the
information contained in the abridged audited results for the year ended 30 November 2019 (the “full
announcement”) and does not contain full or complete details. Any investment decisions by investors and/or
shareholders should be based on consideration of the full announcement published on the JSE website at
https://senspdf.jse.co.za/documents/2020/jse/isse/HDC/ye2019.pdf.

The unqualified auditors report, which includes key audit matters pursuant to International Auditing Standard
ISA701, is available for viewing at www.hudaco.co.za. The financial statements are available for inspection at
the company’s registered address.

31 January 2020

Sponsor
Nedbank Corporate and Investment Banking

Date: 31-01-2020 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story