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Karooooo reports record earnings for first quarter

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Despite higher production costs and electronic-component shortages, the company’s total revenue rises 28% to R801m

The head of Karooooo believes growth in Asia, the group’s second biggest earner, will persist with plans in place to increase investment in the region to take advantage of the growth opportunity.

Karooooo, headquartered in Singapore, is positioning itself as a leading global mobility software-as-a-service platform that provides real-time data analytics to the transportation and logistics sectors...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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Karooooo reports record earnings for first quarterDespite higher production costs and electronic-component shortages, the company’s total revenue rises 28% to R801m
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