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Super Group bolsters profits

Companies

Pretoria - Super Group, the listed transport logistics and mobility group, grew headline earnings a share by 21.2 percent to 159.2c in the six months to December from 131.4c in the previous corresponding period.

The earnings growth was achieved on the back of a 40 percent rise in revenue and 23.3 percent improvement in operating profit in the reporting period compared to the prior period.

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No dividend was declared.

The company reported on Tuesday that the majority of the group’s businesses performed well, with the exception of SG Coal, which had disappointing results.

The group attributed SG Coal’s poor performance to a substantial drop in deliveries to Eskom, poor commodity prices and overall volatile mining conditions, which were aggravated by labour disputes.

** For more on this topic, pick up a copy of Business Report tomorrow

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