In the first six months (June-November) of its financial year, Imperial Logistics’ interim results showed an extremely-healthy revenue growth of 22% - from R10.9 to R13.3 billion.
This was supported by a 23% increase in operating profit.
Chief business development officer Cobus Rossouw noted that the profit growth resulted in an above-target margin of 6%.
Imperial’s new business won in the period under review encompassed contracts with blue chip clients in industries ranging from food, beverages and tobacco to electronics, paper and petrochemicals.
On the back of several strategic acquisitions, Imperial has achieved good growth in new markets that it has entered – which most recently included pharmaceutical distribution and bulk commodities.
Rossouw stated that he is cautiously optimistic about Imperial’s performance in the next six months. “Our challenges include the relatively weak economy, customers that are under significant cost pressure and strong competitors. On the upside, however, we are not very exposed to highly-volatile industries.”
On the group’s future strategy, he said that it will continue to grow its capabilities in SA. “In the rest of Africa, which represents a key gap in the market, Imperial’s strategy remains regional expansion, particularly within the consumer sector.”
Royal results from Imperial Logistics
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