ARB Holdings makes record payout to shareholders as home market lights up
The group has been cashing in on bumper demand for home improvement and a strong stock position
19 August 2021 - 12:12
ARB Holdings, which imports and distributes electrical and lighting products, has opted for a final dividend at the maximum of its payout policy, after benefiting from a good stock position and strong demand in SA for better homes. It has also declared a special dividend to get rid of excess cash.
Revenue rose 24.2% to R2.9bn in ARB’s year to end-June, while the group posted a R211.4m profit, up 126.5% from 2020 and 45.6% from 2019, both record earnings and resulting in a record dividend R100m payout...
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.