http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.04Change: -0.16
R/$ = 12.07Change: -0.10
Au 1204.60 $/ozChange: 1.40
Pt 1170.50 $/ozChange: 4.00
 
 
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
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Agriculture News
Updated 1 hour 9 minutes ago Taste Holdings has raised about R95-million, a portion of which will be used partly to fund additional corporate-owned outlets of Domino’s Pizza and for earlier than planned capital expenditure required for a dough production facility in Cape Town, in the Western...
JSE-listed Pioneer Foods advised shareholders that adjusted headline earnings per share (HEPS) and adjusted earnings per share (EPS) from continuing operations for the six-month period ended March 31 would increase by more than 20% in relation to the comparative...
It was fundamental that the transformational agenda of the agriculture sector was prioritised and accelerated, Portfolio Committee on Agriculture, Forestry and Fisheries chairperson Machwene Semenya said. She emphasised that agriculture was the key to transforming...
More
 
 
Latest News
Updated 23 minutes ago Four engineers from Kenya, Tanzania, South Africa and Zambia, have progressed to the final round of the inaugural Africa Prize for Engineering Innovation, hosted by the UK-based Royal Academy of Engineering (RAEng), with support from the Shell Centenary Scholarship...
Updated 1 hour 3 minutes ago Taste Holdings has raised about R95-million, a portion of which will be used partly to fund additional corporate-owned outlets of Domino’s Pizza and for earlier than planned capital expenditure required for a dough production facility in Cape Town, in the Western...
Updated 1 hour 24 minutes ago Eskom will implement stage 1 load shedding (1 000 MW cut) for the tenth day in a row, but only from 17:00 to 22:00 on Tuesday as it tries to minimise the power cuts during the day. The power utility informed users via Twitter just before 14:00. Earlier on Tuesday,...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
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.
 
 
 
 
 
This Week's Magazine
Today’s organisations execute projects within increasingly complex environments – particularly in the engineering sector. The ability to successfully execute these projects is what drives the realisation of successful projects and, ultimately, the achievement of...
SMART DISTRIBUTION Providing funds to introduce smart grid technologies in the absence of a clearly defined strategy will not result in the desired outcome
South Africa’s distribution grid is a twentieth-century relic, which must be changed to serve the country’s modern electricity needs, says South African National Energy Development Institute (Sanedi) Smart Grid Programme manager Dr Minnesh Bipath. “What we are...
There is a disparity in government funding provided to integrated transport networks – bus rapid transit (BRT) networks ¬¬– and that given to conventional bus services, says Putco executive director Thys Heyns. “We have neglected and strangled conventional bus...
The Johannesburg Social Housing Company (Joshco) is building 502 rental housing units, valued at R200-million, in Dobsonville, Soweto, which are scheduled for completion in June 2016.
Automotive component manufacturer and distributor Metair is centralising its research and development (R&D) work in Turkey, in an attempt to bolster the company’s ability to produce affordable start/stop batteries. The new R&D centre is part of an expansion plan in...
 
 
 
 
 
 
 
 
 
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