BRIEF-Hudaco Industries H1 HEPS down 13.9 pct

  • Reuters
  • Stock Market News
BRIEF-Hudaco Industries H1 HEPS down 13.9 pct
Credit: © Reuters.

July 1 (Reuters) - Hudaco Industries Ltd HDCJ.J :
* Basic and headline earnings per share down 13.9 pct to 472
cents per share for the six months ended May 31 2016
* Turnover down 1.6 pct to 2.5 bln rand for the six months
ended May 31 2016
* Operating profit down 15.8 pct to 246 mln rand for the six
months ended May 31 2016
* Net cash generated from operating activities 172 mln rand
for the six months ended May 31 2016
* "South Africa, right now, is a difficult place to do
business."
* "We expect that trading conditions in second half of 2016
will be much same"
* "Consumer spending will probably remain under pressure as
economy continues to struggle"
* "Three of sectors we serve: mining, manufacturing and
agriculture, are likely to stay depressed until such time as
commodity prices increase and drought is broken."

Source text for Eikon:
Further company coverage: HDCJ.J

(Bengaluru Newsroom)

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