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Imperial invest R2-billion in two years
Transportation group Imperial Holdings has invested more than R2-billion on 11 acquisitions in the past two years, probably more than most industrial groups did in the same period according to an article published in the Financial Mail.
It says that the total capital expenditure by the group in 2010 and 2011 topped R3,5-billion and most of this money was spent in South Africa. However, Imperial's chief executive Hubert Brody says that uncertainty in the global and domestic economies is making the group less aggressive as an investor.
Imperial is the leading domestic distributor of vehicles and these divisions contributed about 58% of the group's revenue and half of its R4,53-billion operating profit for the year to June.
The Financial Mail says that recent acquisitions of companies selling vehicle parts, components or industrial equipment have added R6-billion to group turnover and R410-million to operating profits.
Read the full story in the Financial Mail.
View Imperial's full results.
