Super Group announces 21% profit increase
Super Group, the listed transport logistics and mobility group whose finance division is headed up by CFO Colin Brown (pictured), also a CFO Awards winner, has grown headline earnings by 21.2 percent a share in the six months to December.
Figures are up from 131.4 cents in the previous corresponding period to 159.2 cents. This growth was achieved on the back of a 40 percent rise in revenue and a 23.3 percent improvement in operating profit, compared to the prior period. No dividend was declared.
According to Super Group, the majority of the group's businesses performed well, with the exception of SG Coal, which saw disappointing results and which the group attributes to a substantial drop in deliveries to Eskom, poor commodity prices and overall volatile mining conditions.