Super Group, one of South Africa’s leading transport logistics and mobility groups, delivered another excellent set of results for the six months ended 31 December 2013. Peter Mountford, Chief Executive Officer of Super Group, commented that the Group’s earnings growth is commendable given the highly competitive trading environment and strenuous economic conditions experienced by all industries in both South Africa and Australia.
Financial highlights for the six months ended 31 December 2013
Super Group reported an impressive increase in revenue of 31,5% to R7 136 million mainly due to the excellent performances by the majority of the Supply Chain South Africa businesses, the African Logistics and Dealerships operations, together with the inclusion of Safika Oosthuizens for the full period under review.
“The growth in operating profit was driven by operational efficiencies generated by and the stringent focus on cost controls within the operations resulting in the operating profit for the Group increasing by 25,7% to R651 million. As a result of the competitive landscape and resultant margin pressure experienced by Supply Chain South Africa’s Consumer business and the retracted novated lease market in Australia, it is noteworthy that the overall operating profit margin declined only slightly to 9,1%;” said Mountford.
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