Hudaco Industries Ltd 2020 IR
The report details Hudaco Industries' operational and financial performance for the fiscal year 2020, highlighting the group's resilience during the Covid-19 pandemic. Despite a 6.7% decline in annual turnover to R6.3 billion, the company generated a strong R908 million in cash from operations and reduced net borrowings by R365 million. Hudaco implemented significant rationalization and consolidation across its security, communication, hydraulics, and electrical businesses to achieve long-term synergies. Additionally, the group's BEE trusts made their first distribution of R6 million to approximately 1,800 qualifying black employees. The company also successfully settled a long-standing lawsuit for R35 million and completed a 3% share buy-back.
Company: Hudaco Industries Ltd
Sector: Wholesale & retail
Country: South Africa
Year: 2020
Type: IR
Pages: 152
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Hudaco Industries Ltd
Integrated Report
The report details Hudaco Industries' operational and financial performance for the fiscal year 2020, highlighting the group's resilience during the Covid-19 pandemic. Despite a 6.7% decline in annual turnover to R6.3 billion, the company generated a strong R908 million in cash from operations and reduced net borrowings by R365 million. Hudaco implemented significant rationalization and consolidation across its security, communication, hydraulics, and electrical businesses to achieve long-term synergies. Additionally, the group's BEE trusts made their first distribution of R6 million to approximately 1,800 qualifying black employees. The company also successfully settled a long-standing lawsuit for R35 million and completed a 3% share buy-back.
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Document Details
Report Year
2020
Reporting Period
Dec 1, 2019 - Nov 30, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees