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'Solid organic growth' for OneLogix

Logistics operator OneLogix Group yesterday reported a 13% rise in diluted headline earnings per share of 24.5c for the year to May‚ mainly because of a 20% rise in revenue to R1bn.

By Helmo Preuss

28 Aug 2013

The board declared a final dividend of 5c a share‚ bringing total distribution for the year to 9.5c. The group said that the existing businesses performed satisfactorily‚ delivering "solid organic growth".

During the year two sizeable acquisitions were concluded. In December last year OneLogix bought a 60% stake in RSA Tankers‚ trading as United Bulk‚ a leading bulk transporter of liquids - food grade products‚ hazardous materials and petroleum gas - and 40% of Drive Report‚ a driver behaviour management firm.

OneLogix said that both acquisitions had been successfully integrated and were contributing to earnings.

PostNet‚ the group's most mature business‚ continued to deliver high operating margins and regular annuity income and OneLogix said it continued to evaluate new opportunities for growth and diversification.

OneLogix expected challenging conditions in the medium-term but said its businesses were well placed to take advantage of growth opportunities.

Source: Business Day via I-Net Bridge

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