Business Day TV spoke to Karooooo CEO Zak Calisto about the company’s interim results
18 October 2021 - 07:46
byBusiness Day TV
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Karooooo, the new holding company for vehicle recovery and fleet management group Cartrack, has reported an 18% rise in revenue due to strong subscriber growth.
However, this has not filtered through to the company’s bottom line, with profit falling by 12% as the company incurred higher marketing costs.
Business Day TV spoke to Karooooo CEO Zak Calisto about the company’s interim results.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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WATCH: Marketing costs knock Karooooo’s profit
Business Day TV spoke to Karooooo CEO Zak Calisto about the company’s interim results
Karooooo, the new holding company for vehicle recovery and fleet management group Cartrack, has reported an 18% rise in revenue due to strong subscriber growth.
However, this has not filtered through to the company’s bottom line, with profit falling by 12% as the company incurred higher marketing costs.
Business Day TV spoke to Karooooo CEO Zak Calisto about the company’s interim results.
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