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HUDACO INDUSTRIES LIMITED - Unaudited interim results for the six months ended 31 May 2022 and interim dividend declaration number 70

Release Date: 30/06/2022 16:54
Code(s): HDC     PDF:  
Wrap Text
Unaudited interim results for the six months ended 31 May 2022 and interim dividend declaration number 70

HUDACO INDUSTRIES LIMITED
(“Hudaco” or the “Company”)
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC
ISIN: ZAE000003273

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MAY 2022 AND INTERIM DIVIDEND DECLARATION NUMBER 70

Salient features
                                                                                                                                 %
                                                                                                                 %          Change
                                                                                                            Change         against
                                                                         31 May             31 May         against            2019
                                                                           2022               2021            2021     (pre-Covid)
 
    Revenue (Rm)                                                          3 782              3 383            11.8            19.1
    Operating profit (Rm)                                                   452                357            26.5            52.2
    Comparable earnings per share (cents)                                   857                686            25.1            64.8
    Headline earnings per share (cents)                                     857                686            25.1            60.8
    Basic earnings per share (cents)                                        857                686            25.1            60.8
    Dividend per share (cents)                                              300                240            25.0            57.9
    Net asset value per share (cents)                                     9 852              8 739            12.7            21.6

Declaration of interim dividend number 70

Interim dividend number 70 of 300 cents per share is declared payable on Monday, 15 August 2022 to ordinary shareholders
recorded in the register at the close of business on Friday, 12 August 2022.

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

Last day to trade cum dividend                                                            Monday, 8 August 2022
Trading ex dividend commences                                                             Wednesday, 10 August 2022
Record date                                                                               Friday, 12 August 2022
Payment date                                                                              Monday, 15 August 2022

Share certificates may not be dematerialised or rematerialised between Wednesday, 10 August 2022 and Friday, 12 August 2022,
both days inclusive. The certificated register will be closed for this period.

In terms of the Listings Requirements of the JSE Limited regarding the Dividend 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 240 cents per share for shareholders liable to pay the Dividend Tax and 300 cents per share
        for shareholders exempt from the Dividend Tax;
•       Hudaco Industries Limited has 32 519 720 shares in issue (which includes 2 568 708 treasury shares); and
•       Hudaco Industries Limited’s income tax reference number is 9400/159/71/2.

Short-form announcement

This short-form announcement is the responsibility of the directors of Hudaco. It is only a summary of the information contained
in the unaudited interim results for the six months ended 31 May 2022 (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/2022/jse/isse/HDC/ie2022.pdf.

The full announcement is available on the Company’s website (www.hudaco.co.za) and copies may be requested from the company
at info@hudaco.co.za or may be inspected at the registered office of the Company, at no charge, during office hours.

30 June 2022

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 30-06-2022 04:54:00
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