| Fri 29 Jan 2021, 7:30 | | HUDACO INDUSTRIES LIMITED - Reviewed consolidated results for the year ended 30 November 2020 and declaration of dividend number 67 |
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Reviewed consolidated results for the year ended 30 November 2020 and declaration of dividend number 67
HUDACO INDUSTRIES LIMITED
(“Hudaco” or the “company”)
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC & ISIN: ZAE000003273
REVIEWED CONSOLIDATED RESULTS FOR THE YEAR ENDED 30 NOVEMBER 2020 AND DECLARATION OF DIVIDEND
NUMBER 67
Extracted from the reviewed consolidated financial statements for the year ended 30 November 2020:
2020 2019 Percentage
change
Revenue (R million) 6 254 6 704 (6.7)
Operating profit (R million) 510 701 (27.2)
Headline earnings per share (cents) 1 050 1 355 (22.5)
Basic earnings per share (cents) 113 1 355 (91.7)
Comparable earnings per share (cents) 800 1 240 (35.5)
Dividends (cents) 410 600 (31.7)
Net asset value per share (cents) 8 470 8 666 (5.4)
Hudaco’s auditors, BDO South Africa Incorporated, have expressed an unmodified review conclusion on the reviewed
consolidated financial statements.
The following information in respect of the six months ended 30 November 2020 is also presented. This information
has not been audited or reviewed by Hudaco’s auditors.
2020 2019 Percentage
change
Revenue (R million) 3 618 3 529 2.5
Operating profit (R million) 431 404 6.9
Headline earnings per share (cents) 855 822 4.0
Basic earnings per share (cents) 851 822 3.5
Comparable earnings per share (cents) 731 720 1.5
Short-form announcement
This short-form announcement is the responsibility of the directors of Hudaco and is only a summary of the
information contained in the reviewed consolidated results for the year ended 30 November 2020 (“full
announcement”) which is available on the company’s website (www.hudaco.co.za). This short-form announcement
does not contain full or complete details and 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/2021/jse/isse/HDC/ye2020.pdf.
Copies of the full announcement may be requested from the company at info@hudaco.co.za or inspected at the
registered office of the company, at no charge, during office hours.
Declaration of final dividend number 67
Final dividend number 67 of 410 cents per share for the year ended 30 November 2020 (2019: 410 cents per share) is
declared payable on Monday, 22 February 2021 to ordinary shareholders recorded in the register at the close of
business on Friday, 19 February 2021.
The timetable for the dividend is as follows:
Last day to trade cum dividend Tuesday, 16 February 2021
Trading ex dividend commences Wednesday, 17 February 2021
Record date Friday, 19 February 2021
Payment date Monday, 22 February 2021
Share certificates may not be dematerialised or rematerialised between Wednesday, 17 February 2021 and Friday, 19
February 2021, 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 33 128 931 (2019: 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.
29 January 2021
Corporate advisor and Sponsor
Nedbank Corporate and Investment Banking
Date: 29-01-2021 07:30:00
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