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YEAR-END RESULTS

29 Jun General

In the year to end-March Hosken Consolidated Investments lifted its attributable earnings to R30,1m from R28,9m in the previous year. The net asset value a share rose from 239c to 310c. During the period under review the group bought into Datatec, Softline, Unibank, Midi TV and Everest Systems Solutions. No dividend was declared as cash resources were required for further investments. Attributable earnings a share before nonrecurring items were reduced from 11c to 9,1c. Post-tax income came in at R10,9m compared with R1,6m in the previous year. This was due to a tax bill of R3m not catered for in the previous year. Investment income rose from R2,4m to R11m. Operating income which ran at a loss last year, came in at R2,9m. recent acquisitions include a 30% stake in BFS Capital and a 33,3% stake in Global Payment technology Holdings. The group is also involved in bids for route operators licences which are to be issued in the next year.

Source: Business Day & Sake-Beeld