ARB Holdings reported slight growth in revenue and flat profits for the six months to end-December. ARB’s interim revenue increased 3.1% to R1.27bn from the R1.24bn reported in 2015. ARB said this was largely the result of its electrical division increasing its turnover by expanding its branch network, despite challenging market conditions. The group said its electrical division stood to gain from Eskom’s target of adding 200,000 households to its grid by the end of March 2018.
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