PSV Holdings Limited reported unaudited consolidated financial results for the six months ended August 31, 2012. For the period, the company reported revenue of ZAR 182,326,000 against ZAR 109,992,000 for the same period a year ago. Operating profit was ZAR 3,704,000 against ZAR 4,998,000 for the same period a year ago. Profit before taxation from continuing operations was ZAR 3,191,000 against ZAR 1,707,000 for the same period a year ago. Profit for the period from the continuing operations was ZAR 573,000 or 0.22 cents per diluted share against ZAR 1,975,000 or 0.78 cents per diluted share for the same period a year ago. Net asset value per share was ZAR 35.68 against ZAR 58.62 for the same period a year ago. Cash outflow from operating activities was ZAR 10,604,000 against cash inflow of ZAR 2,236,000 for the same period a year ago.

The Board of the company announced the appointment of Eric Ratshikhopha as independent non-executive director with immediate effect. Eric will also be appointed as member of the Audit Committee and as chairman of the Social and Ethics Committee. He currently holds a number of directorships on foundations and serves as a trustee on a number of trusts. Most recently, he worked as Corporate Development Director at Xstrata.