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Clothing and Textiles  // Browsing posts in Clothing and Textiles

13 May 2013 Clothing and Textiles

COURT RULES IN FAVOUR OF SEARDEL

A Cape Town property valued at R38.7m is to be transferred to clothing and textile manufacturer Seardel after leave to appeal by third parties opposing the transfer was dismissed with costs. The company‚ which had settled litigation with former directors last year‚ said last week it had been advised that the third parties did not […]

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13 May 2013 Clothing and Textiles

SEARDEL TO GET R39M PROPERTY AFTER COURT RULING

Cape Town property valued at R38.7m is to be transferred to Seardel after leave to appeal by third parties opposing the transfer was dismissed with costs. he company‚ which had settled litigation with former directors last year‚ said on Friday it had been advised that the third parties did not enjoy any further rights of […]

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30 Apr 2013 Clothing and Textiles

SEARDEL EARNINGS WEAK FOR THE YEAR

Seardel Investment Corporation that it expects its headline earnings for the year to March to be between two cents and six cents are share. This is a sharp drop from the 20,86c a share in headline earnings a year ago. Its earnings per share are likely to be between four and eight cents compared with […]

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30 Apr 2013 Clothing and Textiles

SEARDEL PROFITS PLUMMET

Clothing and textile firm Seardel is set to report a decline in profits during the year ended March, reflecting persistence of harsh market conditions despite government subsidies. Seardel is on a turnaround path after it was badly hurt by cheap imports, mainly from China. An intervention by the Department of Trade and Industry to save […]

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29 Apr 2013 Clothing and Textiles

SEARDEL HEPS SEEN IN 2-6c RANGE

Seardel Investment Corporation (SER) says for the year ended March 2013 it expects its headline earnings per share to be in a range of 2 to 6 cents‚ compared with 20.86 cents a year ago. Its earnings pe share are seen in a 4-8 cents range from 19.47 cents a year ago. The company noted […]

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29 Nov 2012 Clothing and Textiles

COURT REJECTS LOSING BIDDER’S TENDER CASE

The Pretoria High Court has refused to overturn a contract to sell textiles to the government, saying the contractor was neither breaking the “buy local” requirements nor acting as a front for others. The losing bidder, Da Gama Textiles from the Eastern Cape, took the National Treasury to court along with winning bidder Eye Way […]

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21 Nov 2012 Clothing and Textiles

SEARDEL H1 DILUTED HEPS UNCHANGED AT 0.1c

Seardel Investment Corporation (SER) on Monday, 19 November 2012, reported unchanged diluted headline earnings per share of 0.1 cents for the six months ended September 2012. The Group’s revenue at R1.2 billion was 0.7% down on the prior period. The prevailing economic environment for local manufacturers remained challenging and revenue from the group’s manufacturing operations […]

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19 Nov 2012 Clothing and Textiles

SEARDEL REVENUE FLAT, BUT ‘GOOD PROGRESS’ MADE

SEARDEL Investment Corporation, which owns clothing companies and consumer electronics wholesalers, made “good progress” in the six months ended September even though revenue fell slightly to R1.2bn over the same time last year, the company said on Monday. The company has been recovering since it made operational losses in the 2008 and 2009 financial years. […]

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SEARDEL REAL ESTATE HUB

It may not be an exaggeration to predict that property could represent as much as 60% of clothing and textile conglomerate Seardel Investment Corp’s tangible value within five years. In the year to March, Seardel’s R824m property portfolio represented 35% of total tangible assets. That is to say the property segment is now bigger than […]

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SEARDEL – REAL ESTATE HUB

PROPERTY PLAY It may not be an exaggeration to predict that property could represent as much as 60% of clothing and textile conglomerate Seardel Investment Corp’s tangible value within five years. In the year to March, Seardel’s R824m property portfolio represented 35% of total tangible assets. That is to say the property segment is now […]

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