ANNUAL RESULTS
Revenue growth for Super Group
Super Group says it had good revenue growth throughout the company in the six months to end-December 2017, pushing aside political uncertainty and adverse trading conditions in Africa, Europe and the UK. Australian economic conditions were stable, with good growth in certain industries, the supply chain management company said. Meanwhile, the results reflected the benefits of geographical diversification. Non-South African businesses contributed 46% of revenue and 62% of operating profit in the period. Revenue shot up 27% to R18bn, operating profit jumped 11% to R1.1bn, while headline earnings per share were up 8%. "It is not a perfect result by any means," CEO Peter Mountford said on Monday. "It was a ‘decent performance’ against consumer headwinds in SA." Mountford said a stronger rand was good for the group’s big footprint in SA, providing cheaper inputs. However, a weaker rand strengthened the bottom line in earnings in currencies that included euro, pounds and dollars. But in t...
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