HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Abridged results for the year ended 31 March 2021

Abridged results for the year ended 31 March 2021

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")


ABRIDGED RESULTS
FOR THE YEAR ENDED 31 MARCH 2021


SALIENT FEATURES
                                                                Audited       Audited
                                                               31 March      31 March             %
                                                                   2021          2020        change
Revenue*                                          (R'000)     8 191 095    10 543 821          (22%)
Net gaming win*                                   (R'000)     5 275 457     9 922 293          (47%)
Property rental income*                           (R'000)       620 049       692 852          (11%)
EBITDA*                                           (R'000)     3 094 251     5 590 361          (45%)
Loss per share                                    (cents)      (1 187.1)     (4 591.5)         (74%)
Headline earnings per share                       (cents)         287.7       1 263.2          (77%)
Dividend per share                                (cents)             -            55**       (100%)
Net asset value per share                         (cents)        14 995        15 269           (2%)
               
Headline profit               
Media and broadcasting                                           83 910       122 357      
Gaming                                                          (20 499)      667 835      
Hotels                                                         (317 763)       99 245      
Transport                                                       176 457       203 889      
Properties                                                       37 841        85 298      
Coal mining                                                     119 315       101 198      
Branded products and manufacturing                               95 220       (15 888)     
Oil and gas prospecting                                         266 917        (4 510)     
Palladium prospecting                                           (56 521)      (39 937)     
Other                                                          (152 180)     (172 579)     
                                                                232 697     1 046 908          (78%)
               
*  Restated for discontinued operations
** Interim dividend only               

DECLARATION OF CASH DIVIDEND
Due to the impact of the COVID-19 pandemic on the group's operations and the requirement to 
preserve cash resources, the directors have resolved not to declare a final dividend.

AUDITOR'S OPINION
The annual financial statements for the year ended 31 March 2021 have been audited by 
BDO South Africa Inc., who expressed an unmodified audit opinion. A copy of the audit opinion
is available for inspection at the company's registered office together with the financial 
statements identified in the auditor's opinion.

DIRECTORS' STATEMENT
The directors, who take responsibility for the contents of this short-form announcement, present 
the abridged results of Hosken Consolidated Investments Limited for the year ended 31 March 2021. 
The 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 financial 
results. Any investment decisions by investors and/or shareholders should be based on information 
contained in the full announcement, accessible from 30 July 2021, via the JSE link 
https://senspdf.jse.co.za/documents/2021/jse/isse/HCI/YE21AB.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

30 July 2021


Directors: 
JA Copelyn (Chief Executive Officer), JR Nicolella (Financial Director), TG Govender, Y Shaik, 
MH Ahmed*, MF Magugu*, SNN Mkhwanazi-Sigege**, L McDonald**,  VE Mphande* (Chairman), JG Ngcobo*, 
R Watson*   (* Independent non-executive  ** 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
Private Bag X9000, Saxonwold, 2132

Sponsor:
Investec Bank Limited
100 Grayston Drive, Sandton, Sandown, 2196

Website:
www.hci.co.za

Date: 30-07-2021 04:00:00
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