Booming exports boost Spanjaard’s sales
The manufacturer and distributor of lubricants and chemical products says full-year export sales surged 60%
02 June 2019 - 16:19
Spanjaard, the listed manufacturer and distributor of lubricants and chemical products, on Friday said it had turned around its performance as the small-cap company increased sales to a record R126.2m in the year to end-February.
The group, which supplies the industrial, automotive, marine, mining, electrical and household markets, has seen a strong surge in exports. Full-year export sales grew 60.4% to R19.39m and this increased the export segment’s contribution of total sales to 15.4%, up from 10.3%...
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