http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.13Change: -0.21
R/$ = 11.71Change: -0.17
Au 1217.03 $/ozChange: -0.47
Pt 1187.00 $/ozChange: -3.50
 
 
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|Lonrho|Africa|Building|Logistics|Services|David Lenigas|Infrastructure
Agriculture|Africa|Aviation||Africa|Building|Logistics|Services|Infrastructure
agriculture|africa-company|aviation|lonrho|africa|building|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
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Agriculture News
Article contains comments
This year, as well as 2016, present significantly difficult seasons for South Africa, as expected poor summer crops will impact negatively on the agriculture sector, with basic food products forecast to be “very expensive” for consumers. South Africa’s maize crop...
MODULAR DESIGN The small cabin is premade in Rustic Homes’s factory in Elgin, about 70 km south-east of Cape Town
Grabouw-based timber homes company Rustic Homes last month launched a rustic modular-design luxury housing solution, the Eco Cabin, which uses locally available materials unique to the Western Cape, onto the national market.
The Agriculture Business Chamber (Agbiz) has welcomed the identified prioritisation of agriculture, following the 2015 Budget Speech by Finance Minister Nhlanhla Nene on Wednesday, but notes that his speech was “vague on what is meant by its support of agriculture”....
More
 
 
Latest News
Updated 5 minutes ago Worldwide, the nuclear industry would benefit if it was possible to develop closer cooperation between national regulatory authorities and between them and the industry itself, as is the case with the aviation industry. This was affirmed by World Nuclear University...
Updated 1 hour 40 minutes ago Unconventional gas explorer Challenger Energy expects to hear by the third or second quarter of this year whether its subsidiary, Bundu Gas and Oil Exploration, will be allowed to explore for shale gas in South Africa’s Karoo basin. The ASX-listed company confirmed...
Updated 1 hour 58 minutes ago The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) fell by a steeper-than-expected 6.6 index points to 47.6 in February, driven chiefly by a 16.2-point decline in the business activity index (BAI) to 45.5. While January’s figure was “artificially high”,...
More
 
 
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
 
 
 
 
 
This Week's Magazine
Updated 2 hours 45 minutes ago Subscribe to Engineering News and Mining Weekly for two years, but only pay for the first year.  The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address and also gain access to:
National flag carrier South African Airways (SAA) is in an advanced stage of renegotiating its deal with European airliner manufacturer Airbus to acquire A320 single-aisle (or narrow body) aircraft. The aim is to replace ten of the aircraft still on order with five...
Worldwide, the main thrust in the ports industry over the past decade or more has been to increase efficiency. Traditionally, ports have been run by engineers and mariners and, in the past, increasing a port’s capacity was achieved by expanding the harbour. “That has...
What do you do when an elephant has a toothache? You call Dr Gerhard Steenkamp from the University of Pretoria’s (UP’s) faculty of veterinary science, Onderstepoort, one of only two elephant ‘dentists’ in the world.
The 2015 Sanlam/Business Partners Entrepreneur of the Year (EOY) competition was launched earlier this month in Johannesburg, with the main focus on creating and inspiring entrepreneurs to create jobs and boost the economy.
 
 
 
 
 
 
 
 
 
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