Super Group gets boost from New Zealand acquisition
The group’s aggressive acquisition strategy pays off and it remains on the prowl for ‘strategic acquisitions’
22 February 2022 - 09:40
UPDATED 22 February 2022 - 18:15
Transport and logistics services company Super Group says core profit rose by half in its six months to end-December, boosted by its acquisition of a New Zealand fleet management company, as well a better-than-expected performance of its consumer-facing business in SA.
Group revenue increased by 8.4% to R21.64bn in the six months to end-December, with earnings before interest, taxation, depreciation and amortisation (ebitda) — or core profit — growing 51.1% to R3.31bn, boosted by four months of contributions from LeasePlan ANZ...
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.