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OCEAN WILSONS HOLDINGS LIMITED Half - year Report Released : 12/08/2021 07:00:00 RNS Number : 36011 Ocean Wilsons Holdings Ltd 12 August 2021 Highlights Interim Statement • • Solid first half performance for both Ocean Wilsons Investments Limited ( " OWIL " or " investment portfolio " ) and Wilson Sons Limited . OWIL's net return for the six months ended 30 June 2021 was 9.0 % , outperforming the benchmark by 3.3 % . Operational indicators from Wilson Sons are on a positive trajectory as the Brazilian market starts its rebound from the impact of Covid - 19 on imports and exports . Operating profit for the period was 83.0 % higher than the comparable period at US $ 50.7 million ( 2020 : US $ 27.7 million ) . . OWIL returned US $ 29.5 million for the period ( 2020 : US $ 13.8 million loss ) ; assets and cash under management was US $ 25.0 million higher at US $ 335.9 million compared to 31 December 2020 ( US $ 310.9 million ) . • Net profit after tax for the period was US $ 51.8 million ( 2020 : US $ 18.4 million loss ) . • Net cash inflow from operating activities for the period of US $ 41.6 million ( 2020 : US $ 68.5 million ) . • Dividends paid to shareholders in the period of US $ 24.8 million ( 2020 : US $ 10.6 million ) . About Ocean Wilsons Holdings Limited Ocean Wilsons Holdings Limited ( " Ocean Wilsons " or the " Company " ) is a Bermuda investment holding company which , through its subsidiaries , operates a maritime services company in Brazil and holds a portfolio of international investments . The Company is listed on both the London Stock Exchange and the Bermuda Stock Exchange . It has two principal subsidiaries : Wilson Sons Limited ( " Wilson Sons " ) and Ocean Wilsons ( Investments ) Limited ( together with the Company and their subsidiaries , the " Group " ) . At 30 June 2021 Ocean Wilsons holds a 57 % interest in Wilson Sons which is fully consolidated in the Group accounts with a 43 % non - controlling interest . Wilson Sons is one of the largest providers of maritime services in Brazil with over three thousand employees and activities including towage , container terminals , offshore oil and gas support services , small vessel construction , logistics and ship agency . Objective Ocean Wilsons focuses on long - term performance and value creation . This approach applies to both OWIL and our investment in Wilson Sons . The long - term strategy , managed by the Board , enables Wilson Sons ' investments to grow and develop sustainable results with less pressure to produce short - term performance at the expense of longer - term value creation . This same view allows the Investment Manager of OWIL to make investment decisions to achieve long - term capital growth . Chairman's Statement The Group has delivered a strong financial performance with its returns on the investment portfolio and has demonstrated both operational and financial resilience with its direct investment in Wilson Sons . Against the backdrop of continuing challenges and the recovery from the impacts of Covid - 19 on our investments , the Board is pleased with the Investment Manager's performance and with the Management team of Wilson Sons continued focus on growth and innovation and their commitment to ensuring the welfare of our employees and on continuity of services to our customers We continue to drive strategies that we consider will improve the current trading discount of our stock and improve market valuations of our investment in Wilson Sons to match its industry peers in Brazil . As such , in May of this year , we announced that Wilson Sons would undertake a corporate restructuring that includes the reverse merger of the Bermuda - registered Wilson Sons , into its Brazilian subsidiary , Wilson Sons Holdings Brasil ( WS S / A ) , and the listing of its shares on the Novo Mercado , with former shareholders and holders of Wilson Sons BDRs receiving shares of WS S / A on a 1 : 1 basis . Since Wilson Sons ' announcement of this restructuring , Wilson Sons ' share price has increased 25 % as at 31 July 2021