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29.08.2019

Artikel Nummer: 28579

Disappointing financial year for Imperial Logistics


Imperial Logistics, which is headquartered in South Africa, has taken a critical look at its own operative performance at the end of its latest financial year (July 2018 - June 2019). In spite of a 6% rise in revenue to ZAR 49.7 billion (USD 3.25 billion), the operating profit decreased by 9% or ZAR 2.5 billion (USD 160 million).

 

 Logistics International, which maintains its 49% share of all of the group’s activities, contributed 31% to the overall result, a significant drop compared to the 39% in the previous year. Revenue in euros remained the same compared to the previous year, while the operating profit declined by 32%.

 

The shipping business, on the other hand, showed a positive trend over the financial year, since freight rates rose despite of low water levels. The general cargo network Palletways continues to make a positive contribution. (cd)

www.imperiallogistics.com

 

 

 

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