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HUDACO INDUSTRIES LIMITED - Unaudited Interim Results for the six months ended 31 May 2026, Dividend Declaration, Committee Appointment
Hudaco Industries Limited
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What this filing means
Hudaco's interim print splits in two: continuing operations grew revenue 9.5% and operating profit 11.2%, with comparable EPS up 12.4% to 978c. Headline EPS fell 32.9% to 629c as the wind-down of two Eternity Technologies businesses drove a discontinued-operations loss of 349c a share, up from 37c. The board lifted the interim dividend 10% to 385c anyway — the clearest signal of confidence in the retained portfolio. With a trading statement two days earlier, much of this was already in the mark…
Bull case
- Comparable EPS — which strips out the discontinued Eternity businesses — rose 12.4% to 978c, evidencing genuine underlying earnings growth.
- Revenue from continuing operations grew 9.5% to R4,212m, confirming top-line expansion in the retained portfolio.
Bear case
- Headline EPS fell 32.9% to 629 cents — the figure most screens and databases will display
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