Imperial Group's revenue up 11% to R66.5 billion
Imperial Holdings has reported record half-year revenue and a 16% jump in earnings.
Imperial Holdings has reported a revenue increase of 11 percent, to R66.5 billion, along with a 16 percent increase in earnings. Moreover, the group’s operating profit rose 5 percent to R3.1 billion. Imperial Logistics’ operating profit rose to R1.3 billion, while Motus, its motor vehicle business, saw a 5 percent rise in operating profit, to R1.7 billion.
- I had to punch above my weight, says Imperial CFO Mohammed Akoojee
- I like to set high goals for myself, says Motus CFO, Ockert Janse van Rensburg
According to the company, the numbers look so good thanks to acquisitions, increased vehicle sales from its Motus division, and a strong performance from its Imperial Logistics unit.
Imperial has undergone an aggressive disposal and acquisition programme since 2014. As of June 2017, it has disposed of 42 businesses and 52 properties, while investing billions acquiring more than 15 companies.
Pictured: Imperial CFO Mohammed Akojee