Rising fuel prices, fuel industry strikes and general economic lethargy have meant lower volumes per customer for JSE-listed transport & logistics company Value Group. Rising fuel prices, fuel industry strikes and general economic lethargy have meant lower volumes per customer for JSE-listed transport & logistics company Value Group. But by forging ahead with its strategy of accepting lower volumes while expanding the customer base, it has managed to live up to its name. This resulted in revenue increasing by 14%, to R847,3m, for the six months to August 31. Gross profit was up 8%, to R351m, and adjusted headline earnings per share up 14%, to 25c. Group CEO Steven Gottschalk says Value has focused on creating the infrastructure it needs to continue this strategy (which was a response to the 2008 economic downturn). In the period under review, R138,7m was spent on vehicles, equipment, property upgrades and IT hardware and software. What stands out, however, is that ...
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