Electronic and electrical equipment group experiences a difficult trading period in the fourth quarter due to strikes in the mining and transport sector ELECTRONIC and electrical equipment group South Ocean on Thursday reported an operating loss of R91.1m for the year to December, compared with a profit of R75.7m in the same period previously.South Ocean CEO Paul Ferreira said the company had a difficult trading period in the fourth quarter because of strikes in the mining and transport sectors, which severely affected the performance at the group’s subsidiary, Radiant Group.But Mr Ferreira said he expects an improvement in this year’s financial results following poor performance."Based on the trading history and exogenous market factors going forward, the 2013 year’s results are expected to show an improvement, and the group continues to strive for increased market share and expansion of its product range," said Mr Ferreira.South Ocean manufactures and distributes electrical cables...
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