South Ocean Holdings profits decline, declares final dividend

South Ocean Holdings (JSE:SOH) announced its audited results for the year ended December 31, 2024, revealing a 44% decrease in operating profit to R80.0 million from R142.9 million in the previous year. Earnings per share fell by 62% to 16.67 cents. Despite the profit decline, the board declared a final dividend of 5.50 cents per share. Revenue increased by 9% to R2.568 billion, and net asset value per share rose slightly by 2% to 335.5 cents. The dividend is scheduled for payment on April 22, 2025, to shareholders recorded in the share register by April 17, 2025. The company's auditors, BDO South Africa Inc, issued an unmodified audit opinion on the annual financial statements.