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Automotive sales uptick boosts Barloworld numbers

‘The last six months have not been easy’ – CEO.

For the six months ended March 2019, equipment, logistics and automotive specialist Barloworld reported headline earning per share (Heps) from continuing operations up 4.1% to 476 cents; however, on a normalised basis, which excludes transaction fees associated with its latest BBBEE deal, Kuhla Sizwe, and some UK pension fund expenses, its Heps was up 14.1% at 521.4 cents.

The company, which operates in a number of territories, including parts of Africa and Russia said that despite a weak economic environment, its automotive division still performed well, with operating profit for this sector also improving. To discuss the company’s latest numbers and how its different divisions contributed to these numbers, Nompu Siziba speaks with Barloworld CEO Dominic Sewela.

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