South Ocean Holdings Ltd 2012 IR
The report highlights South Ocean Holdings Limited's performance for the fiscal year 2012, during which the Group achieved a revenue increase to R1,406.3 million, driven by increased production capacity at its subsidiary, South Ocean Electric Wire Company (SOEW). Despite challenging economic conditions, SOEW expanded its market share and improved manufacturing efficiencies, while Radiant Group focused on energy-saving lighting solutions. The Group continued its commitment to sustainability, investing in employee development through learnership programmes and supporting community initiatives, such as donating light fittings to Palm Ridge School. However, financial performance was impacted by a goodwill impairment of R175 million related to Radiant, resulting in an operating loss of R91.1 million.
Company: South Ocean Holdings Ltd
Sector: Manufacturing
Country: South Africa
Year: 2012
Type: IR
Pages: 112
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South Ocean Holdings Ltd
Integrated Annual Report
The report highlights South Ocean Holdings Limited's performance for the fiscal year 2012, during which the Group achieved a revenue increase to R1,406.3 million, driven by increased production capacity at its subsidiary, South Ocean Electric Wire Company (SOEW). Despite challenging economic conditions, SOEW expanded its market share and improved manufacturing efficiencies, while Radiant Group focused on energy-saving lighting solutions. The Group continued its commitment to sustainability, investing in employee development through learnership programmes and supporting community initiatives, such as donating light fittings to Palm Ridge School. However, financial performance was impacted by a goodwill impairment of R175 million related to Radiant, resulting in an operating loss of R91.1 million.
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Document Details
Report Year
2012
Reporting Period
Jan 1, 2012 - Dec 31, 2012
Fiscal Year
2012
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees