Hudaco Industries Ltd 2019 IR
The report details Hudaco Industries' financial and sustainability performance for the fiscal year ended November 30, 2019. Despite a challenging economic environment in South Africa, the company increased its turnover by 5% to R6.7 billion and grew headline earnings per share by 5% to 1,355 cents. Hudaco successfully continued its diversification strategy, reducing its reliance on the traditional mining and manufacturing sectors by expanding in consumer-related markets. On the environmental front, the company advanced its carbon management plans and implemented energy-saving initiatives, including a 90 kW grid-tie solar system at Bearings International. Additionally, Hudaco implemented a new BEE trust structure, granting its black employees a 15% effective equity interest in its main operating subsidiary.
Company: Hudaco Industries Ltd
Sector: Wholesale & retail
Country: South Africa
Year: 2019
Type: IR
Pages: 140
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Hudaco Industries Ltd
Integrated Report
The report details Hudaco Industries' financial and sustainability performance for the fiscal year ended November 30, 2019. Despite a challenging economic environment in South Africa, the company increased its turnover by 5% to R6.7 billion and grew headline earnings per share by 5% to 1,355 cents. Hudaco successfully continued its diversification strategy, reducing its reliance on the traditional mining and manufacturing sectors by expanding in consumer-related markets. On the environmental front, the company advanced its carbon management plans and implemented energy-saving initiatives, including a 90 kW grid-tie solar system at Bearings International. Additionally, Hudaco implemented a new BEE trust structure, granting its black employees a 15% effective equity interest in its main operating subsidiary.
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Document Details
Report Year
2019
Reporting Period
Dec 1, 2018 - Nov 30, 2019
Fiscal Year
2019
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Employees