South Ocean Holdings Ltd 2018 IR
The report highlights South Ocean Holdings' performance for the fiscal year 2018, during which the company successfully stabilized its balance sheet through a rights issue and the strategic sale of underperforming assets, including Radiant Group. Despite challenging macroeconomic conditions in South Africa, the group recorded a 16.2% increase in revenue to R2.009 billion, driven by strong demand in its electrical cable manufacturing segment (SOEW). The company also improved its B-BBEE rating from Level 8 to Level 6, enhancing its competitiveness in the private sector. Additionally, the group continued to invest in human capital development, spending R2.2 million on training and R2.4 million on learnerships.
Company: South Ocean Holdings Ltd
Sector: Manufacturing
Country: South Africa
Year: 2018
Type: IR
Pages: 112
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South Ocean Holdings Ltd
Integrated Annual Report
The report highlights South Ocean Holdings' performance for the fiscal year 2018, during which the company successfully stabilized its balance sheet through a rights issue and the strategic sale of underperforming assets, including Radiant Group. Despite challenging macroeconomic conditions in South Africa, the group recorded a 16.2% increase in revenue to R2.009 billion, driven by strong demand in its electrical cable manufacturing segment (SOEW). The company also improved its B-BBEE rating from Level 8 to Level 6, enhancing its competitiveness in the private sector. Additionally, the group continued to invest in human capital development, spending R2.2 million on training and R2.4 million on learnerships.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees