• Submit news
  • Advertise & rates
  • Contact us

Subscribe to industry newsletters

Bizcommunity has over 400 industry contributors and we always welcome further contributions and contributors.
Advertise with us
Advertise & RatesMy Account
Company press officeList company
Recruitment packagesSubmit job ad
Download ratecard
Distribution news

Supergroup's revenue and profits up

13 Feb 2013 06:18
Supergroup has reported a rise in revenue of 16% to R5,4bn and an increase in diluted headline earnings per share of 92.2 cents for the six months ended December. This compares with from 79.2 cents a year ago.
All businesses‚ with the exceptions of FleetAfrica‚ reported growth mainly as a result of a significant increase in volumes in the supply chain business‚ SG Fleet and its dealerships. The group bought a controlling interest in Digistics‚ a procurement and food distribution business.

Operating profit grew 28% to R517m.

The company said despite the difficult prevailing economic environment‚ it achieved excellent growth in earnings mainly as a result of new business generation across all three divisions.

It noted that disruptions to Supergroup's supply chain business as a result of the Road Freight Association strike in September last year resulted in a 5% reduction in divisional revenue and profit for the period. Key indicators show that South African consumer spending remained under pressure‚ cost increases were above inflation and these factors added to a highly competitive trading environment.

The company said the retail consumer market in Australia remained subdued as a result of the slowdown in commodity exports and the strong Australian dollar. It claimed the good results are a testament to the resilience and sustainability of the South African‚ Australian and sub-Saharan operations which have managed to increase earnings despite highly competitive trading conditions and markets.

Looking ahead‚ the group said the prospects for the South African economy remain mixed with muted growth expected this year. Its outlook for the global economy this year is "cautiously optimistic".


SOURCE

I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
    
 
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.
Read more: earnings, rise

Related news