Search:  
Gauteng Business News
2882
VIEWS

Send  Share  RSS  Twitter  09 Nov 2010

LOGISTICS: Cargo Carriers Flexes Its Muscles

 





Recent Gauteng Business News

Listed logistics and supply chain business Cargo Carriers has released interim results that point to a strong full-year performance.

Revenue for the period was up 18%, which given the sluggish economic environment and relatively low inflation effect, is a good performance. What it belies is the extent of new business in this turnover, which only contributed to these results for two to three months.

News of important business gains have been consistently released over the past months from Cargo Carriers that pointed to significant increases in the period under review. No doubt, full-year turnover growth will be boosted beyond these numbers by another six months of this new business.


The headline earnings growth of 19.3% has been even more impressive considering that the startup costs for this new business have been largely accounted for in the period under review. All things being equal, margins for the full year should improve as these costs are amortised over the full fiscal.

Further evidence of this growth is to be found in the Balance Sheet where the company has made its biggest investment yet in tangible assets, with a further R112m invested in trucks, trailers and an extended branch network in the past six months.

“The Cargo Carriers business has been improving consistently for the last nine years,” says Murray Bolton, joint CEO.

“Our decision early in the decade to move from a geographic to an industry focus has improved our ability to deliver a meaningful and competitive service to customers. This strategic decision and our continually improving BBBEE and Safety, Health, Environment and Quality scores have made it easier for our marketing and sales teams to succeed in the marketplace”


 
 
 
study-it-onlinespaceacrespine-aligndecor-and-furniture
 
   
 
 
 
  Accomodation
Accommodation


Online Foreign Exchange
Foreign Exchange


Directory
Directory


Fax
Fax 2 Email


Finance
Finance


Furniture
Furniture


Casino
Online Casino


Restaurant
Restaurant


Auctions
Shop Online


Study IT
Study IT Online


Web design
Web Design


Weddings
Weddings


Work
Work from Home
 
 
 
 
 
Company News
 
 

 

© 2019 www.gbn.co.za. All rights reserved.

Daily Newsletter Subscription

 

Subscribe to the Gauteng Business News Daily News and information email (it's free).

Thank You
Your email address has been added.

Name:
Email Address: