New acquisition boosts ARB Holdings
Radiant, which the group bought in January 2019, helped to lift revenue in the lighting division by more than a third
13 February 2020 - 09:28
Electrical wholesaler and lighting distributor ARB Holdings said on Thursday that recent acquisitions helped to boost revenue in the half year to end-December, though it continues to feel the pinch from reduced spending by power utility Eskom.
Group revenue increased 4.5% to R1.42bn, with revenue growth of 37.3% in the group’s lighting division, following the acquisition of lighting distributor Radiant in January 2019...
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