Cartrack on track for seventh year of double-digit growth
The vehicle recovery company passed 1-million subscribers in its six months to end- August, when operating profit rose by a quarter
23 October 2019 - 08:04
Cartrack, which provides fleet-management and stolen-vehicle recovery services, is on track for a seventh-consecutive year of double-digit revenue growth, having surpassed 1-million subscribers in its six months to end-August.
The group, whose share price is up almost two thirds in 2019, said on Wednesday interim operating profit rose 24% to R316m to end-August, while cash generated from operations surged 70% to R446m...
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