• Change of culture needed

    The right leadership will help SA shed its culture of violence, says Mandi Smallhorne.

  • 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

Loading...
See More

Barloworld boosts profit, dividend

Nov 14 2011 07:56 Reuters

Related Articles

Barloworld forecasts earnings jump

Profit lag drags down Barloworld

Barloworld earnings rise 255%

Barloworld gets numbers boost

Barloworld reports 39% profit drop

Barloworld drops Scandinavian car rental firm

 

Johannesburg - Industrial group Barloworld reported a 120% rise in full-year profit on Monday, lifted by booming demand for heavy duty equipment in the mining industry.

Barloworld, which leases and sells autos and earth-moving equipments, said headline earnings per share from continuing operations totalled 465 cents in the year to end-September compared with 212c a year earlier.

The company has been squeezed as construction boom from the 2010 Soccer World Cup ended, but a recovery in new auto sales and an upswing in spending by miners have helped it mount a recovery.

Sales were up 22% to R49.8bn, helping it boost annual dividend by 107% to 155c per share.

Shares in the company are up about 4% so far this year, compared with a flat JSE All Share [JSE:J203] index.

 
barloworld

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

10 of the most expensive things that will leave your jaw hanging!
Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...