South Ocean Holdings Ltd 2016 IR
The report highlights South Ocean Holdings Limited's financial and sustainability performance for the fiscal year ended December 31, 2016. Despite a challenging macroeconomic environment and a highly competitive market, the Group achieved a 7.2% increase in revenue to R1.777 billion. However, profitability was impacted by a net impairment charge of R13.5 million on plant and machinery at SOEW and a Section 189 retrenchment process to reduce operating costs. On the sustainability front, the Group demonstrated its commitment to transformation and social development by initiating 22 learnerships for unemployed disabled individuals and investing R1.9 million in training and development.
Company: South Ocean Holdings Ltd
Sector: Manufacturing
Country: South Africa
Year: 2016
Type: IR
Pages: 120
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South Ocean Holdings Ltd
Integrated Annual Report
The report highlights South Ocean Holdings Limited's financial and sustainability performance for the fiscal year ended December 31, 2016. Despite a challenging macroeconomic environment and a highly competitive market, the Group achieved a 7.2% increase in revenue to R1.777 billion. However, profitability was impacted by a net impairment charge of R13.5 million on plant and machinery at SOEW and a Section 189 retrenchment process to reduce operating costs. On the sustainability front, the Group demonstrated its commitment to transformation and social development by initiating 22 learnerships for unemployed disabled individuals and investing R1.9 million in training and development.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
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
Energy Consumption
Water Consumption
Women in Management
Employees