News Formal

New acquisition boosts ARB Holdings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Radiant, which the group bought in January 2019, helped to lift revenue in the lighting division by more than a third

Electrical wholesaler and lighting distributor ARB Holdings said on Thursday that recent acquisitions helped to boost revenue in the half year to end-December, though it continues to feel the pinch from reduced spending by power utility Eskom.

Operating profit rose 16% to R106.3m to end-December, while headline earnings per share rose 40.9% to 32.65c, the group said. Turnover in the group’s electrical division decreased by 4.5% to R1.04bn due to the lack of big infrastructure projects, with Eskom’s spending on electrification remaining “inconsistent”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Samsung launches a new sleeker foldable device - Samsung Galaxy Z Flip | IOL Business ReportGalaxy Z Flip literally bends the laws of physics, and features a 6.7-inch display that when folded fits in the palm of anyone's hand. busrep
Source: IOL - 🏆 46. / 51 Read more »