HWN - Howden Africa Holdings Limited - Chairman`s Statement at the Annual
HWN
HWN
HWN - Howden Africa Holdings Limited - Chairman`s Statement at the Annual
General Meeting
Howden Africa Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/002982/06)
Share code: HWN
ISIN: ZAE000010583
("HAHL" or "the Company")
Chairman`s Statement at the Annual General Meeting
After 4 months of trading, it gives me pleasure to update shareholders
regarding the present trading position of the Group.
There were strong sales over the first 4 months in the environmental
control, power generation plant services and mine installation businesses
(47% above 2011 P4).
The order intake for the first four months of trading was almost as high
resulting in a slight reduction in the order book when compared to the
position reported at the end of December 2011.
There has been good order intake experienced, especially for mine main
ventilation fan supplies in South Africa and the rest of Africa and for
power generation and petrochemical service and spares work in South Africa.
The trading outlook is generally cautiously optimistic in the heavy
engineering sector of mining, mineral process plants and aftermarket, but
less so in the medium industrial and building industry.
Finally, I am able to report that the directors have declared a final
dividend of 29 cents per for the year ending December 2011 share and a
special dividend of 146 cents per share to all shareholders registered in
the books of the Company on 29 June 2012.
30 MAY 2012
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited (Registration
number 1970/003711/07)
Date: 30/05/2012 12:05:01 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
