Hudaco Industries : Unaudited interim results for the six months ended 31 May 2022 and interim dividend declaration number 70
June 30, 2022 at 11:03 am EDT
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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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Hudaco Industries Limited published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 15:02:01 UTC.
Hudaco Industries Limited specializes in distributing industrial products and lasting consumer products. Net sales break down by family of products as follows:
- industrial consumables (50.3%): bearings, electric engines, diesel engines, air and oil filters, thermoplastic pipes, electric cables, etc.;
- lasting consumer products (49.7%): automotive components (ignition cables, clutch kits and hydraulic seals), security equipment (intruder detection, access control and video surveillance equipments), communication equipment, electric tools and marine engines.
South Africa accounts for 90.5% of net sales.