BUSINESS REVIEW
Certisure, the insurance joint venture with NWK, performed on par
with the previous year.
This segment reflects a profit before tax of R67 million, which is R2
million (2,9%) lower than the comparative period of the previous
year.
Prospects
The second semester is usually characterised by a strong decrease
in grain stock levels as the off-takers of grain and oilseeds with-
draw their products. The market will have abnormally high levels of
soft commodities by April 2018 should the current low consumer
trends continue. A normal new season will bring with it numerous
challenges with regards to storage capacity.
A difficult second semester is predicted for agri-equipment sales.
Management will be prudent in managing agri-equipment stock
levels.
Dividend declaration
An interim dividend of 27 cents per share (2016: 20 cents) has
been declared. The last trading day and record date is 15 December
2017. Dividends will be paid on 18 December 2017, net of dividend
withholding tax of 20%, where applicable. For Senwes share trading
visit www.zarx.co.za.
By order of the board of directors.
JDM Minnaar F Strydom
CF Kruger
Chairman
Group Chief
Group Chief
Executive Officer Financial Officer
Klerksdorp
6 December 2017
senwes interim results 31 october 2017
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