Grindrod annual earnings more than double thanks to bulk commodities recovery
Revenue from core operations, including joint ventures, rises to R5.2bn with Mozambique operations the star performers
03 March 2022 - 14:25
Diversified logistics group Grindrod said profit for the year to end-December more than doubled as the global economic recovery and demand for commodities led to record volumes at its ports and terminals businesses.
Core headline earnings soared 166% from a year earlier to R886m as exports of minerals and commodities mining surged with the easing of pandemic-induced restrictions on trade, the JSE-listed company said in a statement on Thursday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.