Get to know your JSE companies: WILSON BAYLY HOLMES-OVCON LIMITED (JSE: WBO)

Wilson Bayly Holmes recently released its audited financial statements for the year ended 30 June 2020. The group’s total revenue grew by 6% to R43 billion (FY2019: R40.61 billion), and its operating margin was down to -1.2% (FY2019: 1.4%). The company reported a loss of 937 cents per share (FY2019: earnings per share of 939 cents), and the board decided not to declare a dividend due to the losses incurred in Australia and the uncertainty due to the COVID-19 pandemic and its impact on the company’s operating environment.

Despite the difficult trading environment, the group ended the year with a robust balance sheet.

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