Ocean Wilsons Holdings Ltd. (OCN)

Sector:

Commercial Transport

 910.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,135.00
  • 52 Week Low: 820.00
  • Currency: UK Pounds
  • Shares Issued: 35.36m
  • Volume: 700
  • Market Cap: £321.80m
  • RiskGrade: 83
  • Beta: 0.16

Ocean Wilsons profit rises in face of forex challenges

By Josh White

Date: Monday 15 Aug 2016

LONDON (ShareCast) - (ShareCast News) - Ocean Wilsons Holdings provided its interim management statement for the six months to 30 June on Monday, with profit before tax up 43% to $57.1m, from $39.9m a year ago.
The company said the Brazilian real appreciated 18% against the US dollar at period end, from BRL 3.90 to BRL 3.21 per USD, while the average dollar to real exchange rate in the period was 25% higher than the comparative period at BRL 3.70, against BRL 2.97.

Revenue in dollar terms was 20% lower at $214.7, against $268.9m, impacted by the lower average Brazilian real exchange rate.

Revenue in BRL terms was BRL 793.3m, in line with the prior period at BRL 797.2m.

Earnings per share were reported at 56.0 cents, against 33.8 cents, while dividends paid to shareholders during the period were $22.3m, in line with last year at $22.3m.

"The group delivered a solid result for the first half of 2016 in a challenging economic environment," said chairman J F Gouvêa Vieira.

"Following the steep devaluation of the Brazilian real in 2015 against the dollar, the weaker average USD/BRL exchange rate in the period adversely impacted revenue, although the appreciation of the BRL against the USD at period end enhanced our bottom line earnings.

"Operating margins for the period remain robust at 21% [against 20%], underpinned by our two main businesses, towage and container terminals," Vieira said.

"Container volumes at our two container terminals continued to improve in the period while towage volumes experienced some market weakness."

At 1425 BST, shares in Ocean Wilsons were up 0.71% at 926.5p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

OCN Market Data

Currency UK Pounds
Share Price 910.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,135.00
52 Week Low 820.00
Volume 700
Shares Issued 35.36m
Market Cap £321.80m
Beta 0.16
RiskGrade 83

OCN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.86% above the market average98.86% above the market average98.86% above the market average98.86% above the market average98.86% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
26.77% below the market average26.77% below the market average26.77% below the market average26.77% below the market average26.77% below the market average
5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average
Income
92.82% above the market average92.82% above the market average92.82% above the market average92.82% above the market average92.82% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
6.41% below the market average6.41% below the market average6.41% below the market average6.41% below the market average6.41% below the market average
15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

OCN Dividends

  Latest Previous
  Final Interim
Ex-Div 13-May-21 19-Nov-20
Paid 04-Jun-21 11-Dec-20
Amount 70.00¢ 40.00¢

Trades for 01-Dec-2021

Time Volume / Share Price
08:30 700 @ 908.30p

OCN Key Personnel

Chair Jose F G Vieira

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