A WEE DRAM
CHRIS GILMOUR: OneLogix defies road transport odds and grows earnings
THESE days it’s rare to find a growing JSE-listed company that derives its earnings in any reporting period exclusively from organic rather than acquisitive sources. But that’s what logistics services provider OneLogix has just done in its interim results to end November 2017 with revenue rising 14% and headline earnings per share (heps) 21%. Over the past five years, the group has made nine acquisitions, and now these have all been absorbed and bedded down. And while OneLogix is open to the prospect of further acquisitions in future, given its clean balance sheet and low gearing, any further acquisitions would obviously have to make good business sense. OneLogix’s services extend across SA and into many neighbouring countries, as far afield as Angola and Tanzania. OneLogix CEO Ian Lourens says: "Nine out of our 11 businesses occupy positions one, two or three, in terms of market share." The group can conveniently be viewed in two main segments — abnormal logistics and primary produ...
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.