ARB Holdings recorded double-digit growth in revenue and profit in the year to June, despite a tough trading environment.The electrical wholesaler and lighting distributor saw revenue leap 15.8% in the period, to R2.5bn, as profit for the year increased 9% to R160m. Headline earnings per share jumped 15.5%. But a continued lack of Eskom and general infrastructure spend squeezed margins."I think the results are commendable in a very difficult trading environment — business has not been easy," CEO Billy Neasham said on Wednesday.The group’s electrical division had secured orders from limited industrial and infrastructure project opportunities available in SA and neighbouring countries. This had been augmented by electrification projects implemented by local municipalities ahead of the 2016 local government elections.Neasham said the group’s lighting division had "performed remarkably", showing gains in market share, and boosted by the introduction of new products.The division sells to...
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