Security barrier manufacturer Trellidor bolstered its revenue 67.6% in the year to June to R525m, following the acquisition of Taylor Blinds. Trellidor distributes its products via a franchise network across SA, Africa and the UK. Taylor manufactures and distributes custom-made blinds, decorative and security shutters and cornicing or skirting products. Taylor has a strong presence in the Western and Southern Cape. The overall group profit after tax for the year grew 22%, to R66m and earnings per share climbed 17%, to 59.3c per share. Diluted core headline earnings per share grew 27%, to 66.0c per share. The group’s gross profit margin of 47.7% was in line with expectations and consistent with the interim results. Operating expenses as a ratio to revenue increased to 29.5%, from 28.1% at the end of June 2016, mainly due to acquisition-related expenses of R10.1m. Foreign-exchange losses of R3.0m for the year to June 2017 compared with a R2.3m gain for the year to June 2016 also negat...
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