INTERIM RESULTS
Rolfes strategies lift revenue, profit
Rolfes, a manufacturing and technology holdings group, saw revenue shoot up 32% to R823m as operating profit rocketed 62% to R97m in the half-year to December 2016. Headline earnings per share jumped 34% in the period. The company’s performance had been given a boost by the mid-2015 purchase of Bragan Chemicals, an importer of chemicals used in the food, beverage, bakery, dairy, pharmaceutical and cosmetics industries. "Many strategies have been implemented in this last financial and calendar year, including costs savings," CEO Lizette Lynch said on Monday. "We have targeted an export strategy that we are busy driving," she said. The black-empowered chemicals group focuses on the agriculture, food, industrial and water sectors, mainly in SA, but is also expanding in developed and emerging markets. It specialises in low-volume high-margin product ranges with high barriers to entry. Exports amounted to 10% of overall revenue, going to customers in Asia, the rest of Africa, and eastern...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.