THE GHOST TRAIN
THE FINANCE GHOST: Italtile’s grit and grout
Italtile has hunkered down and squeezed out profits, despite top-line sales going backwards. But this mid-cap stalwart still isn’t a killer investment
SA is a low-growth environment, a scenario that is unlikely to change unless there are major structural changes to our economy and political environment. This drives SA corporates to set their sights on faraway lands, usually getting slaughtered in the process.
There are exceptions, of course. Food service giant Bidcorp is one of them, with a genuinely diversified global revenue base. The largest contributor to revenue is Europe, with 34% of total revenue in the latest financial year. Next up are the UK and Australasia, with emerging markets, as the smallest segment, contributing 17.6% of group revenue. SA is only part of the emerging markets segment, so this JSE-listed company truly offers global diversification away from the SA growth story (or lack thereof)...
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.