Johannesburg - Hudaco Industries Limited on Friday said its strategy to reduce dependence on the mining and manufacturing sectors continues to pay off.
It reported operating profit up 46 percent at R292-million on turnover that was 21-percent higher at R2.5-billion for the six months to May.
Headline earnings per share came in at 548 cents, an improvement of 20 percent.
The interim dividend was increased by 16 percent to 180 cents per share.
The distributor of high-quality branded industrial and electronic products said two-thirds of the increase in turnover had come from acquisitions made in the last year, adding that the South African mining and manufacturing markets now accounted for only 30 percent of sales, down from 50 percent five years ago.
ANA