WBO
Summary Audited Consolidated Financial Statements for the year ended 30 June 2020
Wilson Bayly Holmes-Ovcon Limited
(Registration number 1982/011014/06)
(Incorporated in the Republic of South Africa)
Share code: WBO
ISIN: ZAE 000009932
("WBHO" or "the company")
SUMMARY AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
FINANCIAL PERFORMANCE:
The Group results were severely affected this year by the impact of two material loss-making projects
in Australia and the COVID-19 global pandemic.
- Revenue for the year increased by 6% to R43 billion (2019: R41 billion)
- Earnings per share decreased by 200% to a loss per share of 937 cents (2019: earnings of 939 cents per share)
- Headline earnings per share decreased by 199% to a headline loss per share of 923 cents (2019: earnings of 932 cents per share)
- The net asset value amounts to R5,9 billion (2019: R6,1 billion)
- Cash and cash equivalents increased by 28% to R7,6 billion (2019: R6 billion)
Link to full results https://senspdf.jse.co.za/documents/2020/jse/isse/WBO/WBHOYE2020.pdf
The directors are responsible for the preparation and fair presentation of the audited consolidated financial statements
for the year ended 30 June 2020 of Wilson Bayly Holmes-Ovcon Limited.
An unmodified audit opinion has been expressed in the Independent Auditor's Report dated 17 November 2020 on the audited consolidated
financial statements. That report also includes the communication of key audit matters and is available on the company's website.
The short-form announcement is a summary of the information included in the full announcement, and any investment decision should be
based on the full announcement.
The full announcement is published on the company's website at www.wbho.co.za/investors. In addition, it is available for inspection
at the company's registered offices and the company sponsor detailed below, at no charge, every Monday to Friday between 08:0017:00.
Copies of the full announcement may also be requested via email from Shereen.Vally-Kara@wbho.co.za.
DIVIDEND DECLARATION
In light of the scale of the losses incurred in Australia and the parent company funding required to support the Australian operations,
as well as uncertainty around the future procurement of work over the medium-term, the Board has elected not to declare a dividend in
respect of the reporting period ended 30 June 2020.
For and on behalf of the board
EL Nel WP Neff CV Henwood
Chairman Chief Executive Chief Financial Officer
Registered office
53 Andries Street
Wynberg
Sandton
17 November 2020
Sandton
Sponsor: Investec Bank Limited
Date: 17-11-2020 09:20:00
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WILSON BAYLY HOLMES-OVCON LIMITED - Summary Audited Consolidated Financial Statements for the year ended 30 June 2020
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