http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.90Change: -0.02
R/$ = 12.57Change: 0.00
Au 1097.82 $/ozChange: 2.47
Pt 988.00 $/ozChange: 5.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 10, 2012

Lonrho focus shifts back to core businesses

Back
Agriculture|Africa|Aviation|Building|Lonrho|Africa|Logistics|Services|David Lenigas|Infrastructure
Agriculture|Africa|Aviation|Building||Africa|Logistics|Services|Infrastructure
agriculture|africa-company|aviation|building|lonrho|africa|logistics|services|david-lenigas|infrastructure
© Reuse this



The executive chairperson of Lonrho, David Lenigas, said on Friday that the Africa-focused group would focus on its core businesses of agriculture and logistics, following the separation of its aviation division last month.

Reporting on the group’s six-month financial performance, he said that Lonhro’s core businesses were directly aligned with the economic growth drivers of Africa.

“These businesses [agriculture and logistics] generated like-for-like revenue growth in the six months of 26.4% and net operating profit of £4.7-million,” Lenigas said.

Lonrho posted overall revenue growth of 79.2% from £68.6-million to £122.9-million, a like-for-like increase of 29.1% for the six months ended June.

Lenigas said that the company continued to deliver strong growth in revenues and margins in its core business divisions and was continuing to see the growth convert into operating profitability.

The agribusiness reported revenues of £72.7-million, up 130% , making it the largest of Lonrho’s core divisions, as it accounted for 71% of revenues.

Lonrho believes that Africa, which holds 60% of the world’s arable land, is an essential component to meeting global expanding food demand.

“Agriculture is a major contributor to Africa’s economies and, over the past four years, Lonrho has established a unique vertically integrated agri-logistics delivery cold chain that can reliably deliver fresh produce from Africa to market providing continuity of quality and traceability,” it stated.

This business is building momentum with a blue chip client base and Lonrho is seeing growth in demand from African, European, Scandinavian, North American, and, increasingly, Far Eastern supermarket chains.

Lonrho reported revenue of £10.9-million from its infrastructure unit, £5.1-million from its hotels and £14-million from its support services.
 

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Transport & Logistics News
Updated 1 hour 33 minutes ago Mercedes-Benz South Africa (MBSA) has begun the second phase of its aluminium localisation initiative, the company’s strategic business development, procurement and export manager Philip Jooste, told the National Localisation Indaba, in Durban, on Tuesday. This...
Updated 2 hours 55 minutes ago A glitch in a law that would halt the issuing of vehicle licence discs to drivers with unpaid e-toll bills means non-compliant Gauteng road users won’t have anything to fear – for now. The Department of Transport’s Gazette 38997, released on 17 July 2015, referenced...
Transnet National Ports Authority CIO Mmutle Lentle
State-owned enterprise Transnet National Ports Authority’s (TNPA’s) new Web-based integrated port management system (IPMS) went live on July 26 at the Port of Durban, with crude oil tanker Colorado being the first vessel to be brought into the port using the new...
Article contains comments
Article contains comments
More
 
 
Latest News
Updated 36 minutes ago South Africa-focused Sunbird Energy on Wednesday confirmed that it had received a takeover offer from South African power infrastructure company Glendal Power. The company told shareholders that a trading halt had been necessitated on July 27, after the company...
Updated 1 hour 24 minutes ago South Africa’s extensive bounty of valuable minerals can be traced to ancient super volcanoes, according to a researcher. “The super volcanoes of the past 2.7-billion years left us with something unique in the world – after all the drama, our part of the continent...
Updated 1 hour 41 minutes ago Zambia has increased imports of finished petroleum products to prevent a fuel shortage as its only oil refinery is expected to persistently break down, its energy minister said on Tuesday. Zambia's 24 000 bl/d Indeni refinery was shut on July 14 after it was fed...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Updated 3 minutes ago Meyerton-based steel tank manufacturer Structa Technology is currently rolling out a water infrastructure build programme that supports local municipalities, water utilities, schools, hospitals and clinics.
Alternative funding models could be expected to begin coming to the fore in South Africa’s renewable-energy sector as the market becomes more competitive and domestic development finance institutions (DFIs) begin scaling back their direct involvement in projects....
DIMITRI MARKOULIDES An innovation champion must involve employees in innovation projects and keep them updated to enable them to support and drive innovation and create the future of the business
An innovation champion course that trains executives to manage innovation in their organisations aims to help companies grow revenue streams and tap new markets, says business change management consultancy BMGI South Africa innovation practice lead Dimitri...
Future digital workplaces will require employees to continuously learn new “literacies”, including new media, information and technical skills, to help their company thrive and spur personal growth. Information technology (IT) research firm Gartner, thus, suggests...
Only 25% of large construction projects surveyed in KPMG’s Global Construction Project Owner’s Survey, released in June, were concluded on time and within budget over the last three years. “Every project owner wants predictability when it comes to large projects, and...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96