Imperial logistics: latest results
Before the prospective takeover by DP World in February 2022, Imperial logistics has presented the figures of its last financial year, which ended 30 June 2021.
Revenues were up 13% to ZAR 52.2 billion (USD 3.69 billion), ebitda rose more strongly by 22% to ZAR 4.99 billion (USD 350 million). Operating profit amounted to ZAR 2.3 billion (USD 160 million). These figures do not include the European shipping business and CPG, which the company disinvested in 2020.
Mohammed Akoojee, Group CEO at Imperial, spoke of "significant value being unlocked for our key stakeholders." In July, Imperial announced that the group had entered into a transaction implementation agreement regarding a cash offer of ZAR 66 (USD 4.66) per share from DP World Logistics. (sh)