Hudaco Industries Limited announced audited group earnings results for the year ended November 30, 2013. For the year, the company's turnover was ZAR 3,942 million compared with ZAR 3,492 million a year ago. Operating profit was ZAR 469 million compared with ZAR 437 million a year ago.

Profit before taxation was ZAR 425 million compared with ZAR 398 million a year ago. Profit for the year was ZAR 305 million compared with ZAR 351 million a year ago. Profit attributable to shareholders of the group was ZAR 294 million compared with ZAR 340 million a year ago.

Diluted headline earnings per share were 917 ZAR cents compared with 1,055 ZAR cents a year ago. Diluted basic earnings per share were 918 ZAR cents compared with 1,058 ZAR cents a year ago. Diluted comparable earnings per share were 970 ZAR cents compared with 933 ZAR cents a year ago.

Headline earnings were ZAR 294 million compared with ZAR 339 million a year ago. Net cash from operating activities was ZAR 206 million compared with ZAR 283 million a year ago. Net investment in property, plant and equipment was ZAR 32 million compared with ZAR 39 million a year ago.

Return on average NOA was 22.1% compared with 24.6% a year ago. Return on average NTOA was 36.9% compared with 38.7% a year ago. As on November 30, 2013, the company's net asset value per share was 5,737 ZAR cents.

Return on average equity was 17.3% compared with 21.8% a year ago. Capital expenditure was ZAR 97 million compared with ZAR 93 million a year ago.