Chemical group Rolfes declared an interim dividend of 4c per share for the six months to end-December, its first interim dividend since 2013. The group reported a 32% increase in revenue to R823m from R626m the previous year and an increased operating profit of 62% to R97m from R60m previously. The group also reported a 60% increase in headline earnings to R61m and a 34% increase in headline earnings per share (HEPS) to 37.9c. The group reported higher liquidity, with its debt:equity ratio improving to 38%, despite increased finance costs to R14m. The group reported improved cash flows, with increased cash from operating activities of 201% to R14m. Cash spent on investing activities, which included research and development and capital expenditure, was at R7.9m, which signalled a look to future growth. Rolfes is a chemical group that supplies various industries through four divisions — agricultural, food, industrial and water — and operates in domestic, foreign, developing and develo...
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