BusinessLIVE’s JSE-listed owner Tiso Blackstar grew its interim after-tax profit 22% to R206m during the six months to end-December.Revenue declined by 0.8% to R4.5bn, the company said in its interim results statement on Tuesday.Tiso Blackstar’s best performer was retail marketing and packaging company Hirt & Carter, which contributed 61% of its after-tax profit. Hirt & Carter grew its revenue contribution 16% to R1bn, contributing 22% of the group’s R4.5bn total revenue.This failed to entirely offset a 6% decline in the revenue from its media division and 10% decline in revenue from its 51%-owned steel fabrication subsidiary Robor, which both contributed about R1bn to the top line.Tiso Blackstar’s biggest revenue contributor was Consolidated Steel Industries (CSI), which grew its revenue 3.3% to R1.3bn.Besides Hirt & Carter increasing its net profit contribution by 8.3% to R126m, Tiso Blackstar’s bottom line was also bolstered by Robor turning to a profit of R37.5m from a R18.4m lo...
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