BRIEF-South Ocean Holdings reports HY group loss before tax of 43.0 mln rand

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BRIEF-South Ocean Holdings reports HY group loss before tax of 43.0 mln rand
Credit: © Reuters.

Aug 15 (Reuters) - SOUTH OCEAN HOLDINGS LTD SOHJ.J :

* HY OPERATING LOSS INCREASED BY R30.4 MILLION TO A LOSS OF R31.0 MILLION (2016: R0.6 MILLION) COMPARED TO PRIOR PERIOD.

* HY GROUP LOSS BEFORE TAX INCREASED BY 333.2% TO A LOSS OF R43.0 MILLION (2016: R9.9 MILLION) COMPARED TO PRIOR PERIOD

* GROUP REVENUE FOR PERIOD ENDED 30 JUNE 2017 DECREASED BY 15.2% TO R764.9 MILLION

* HY HEADLINE LOSS PER SHARE INCREASING BY 137.2% TO A LOSS OF 10.2 CENTS (2016: 4.3 CENTS, LOSS) COMPARED TO PRIOR PERIOD

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