Logistics group’s operating profit rises 60% in year to end-June
Imperial Logistics, which recently attracted a R12.7bn buyout offer, says it is benefiting from easing Covid-19 restrictions and improving volumes, but the pandemic still cost it an estimated R2.6bn in lost revenue in its 2021 year.
Revenue, excluding sold-off assets, rose 13% to R52.2bn in the year to end-June, with operating profit jumping 60% to R2.33bn, the latter an estimated R346m lower than it would have been without the pandemic...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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