Revenue increased by 22.5% to R5.2 billion to end-June while profit surged 108% to R304.5 million, the group said on Monday, helped by a R123.4 million gain-on-bargain purchase for a distribution business in Namibia.
Valued at about R3.7 billion on the JSE, the company was founded in 2012 and offers merchandising, warehousing, distribution and various other services to companies in FMCG. It now has a footprint in several Southern African countries, including Swaziland, Namibia, Lesotho, Zimbabwe, Mozambique, Zambia and Botswana.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.
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