South Ocean Holdings Ltd 2017 IR
The report details the financial and non-financial performance of South Ocean Holdings Limited for the fiscal year 2017. During the year, the company faced significant macroeconomic challenges, including sovereign credit rating downgrades in South Africa and volatility in the copper price, leading to a 2.7% decline in Group revenue to R1.729 billion. Despite these headwinds, the company reduced its operating loss by 52.2% to R15.2 million and improved cash generation from operations. The company also focused on inventory rationalisation and initiated plans to sell its unprofitable Radiant Group subsidiary. Additionally, South Ocean Holdings continued its commitment to social responsibility, investing R1.6 million in employee training and development.
Company: South Ocean Holdings Ltd
Sector: Manufacturing
Country: South Africa
Year: 2017
Type: IR
Pages: 120
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South Ocean Holdings Ltd
Integrated Annual Report
The report details the financial and non-financial performance of South Ocean Holdings Limited for the fiscal year 2017. During the year, the company faced significant macroeconomic challenges, including sovereign credit rating downgrades in South Africa and volatility in the copper price, leading to a 2.7% decline in Group revenue to R1.729 billion. Despite these headwinds, the company reduced its operating loss by 52.2% to R15.2 million and improved cash generation from operations. The company also focused on inventory rationalisation and initiated plans to sell its unprofitable Radiant Group subsidiary. Additionally, South Ocean Holdings continued its commitment to social responsibility, investing R1.6 million in employee training and development.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Women in Management
Employees