Rolfes to drive new products, regional footprint growth in FY19
JSE-listed chemical specialist Rolfes Holdings has reported steady progress on strategic and foundational issues during the financial year ended June 30.
It declared a final dividend of 4c apiece, maintaining full-year dividend guidance of 8c apiece.
Revenue, however, decreased by 1.1% to R1.4-billion.
The company reported a 1.6% year-on-year increase normalised gross profit from continuing operations to R310-million, but a 31.3% year-on-year decrease in normalised headline earnings a share from continuing operations to 34.7c apiece.
Rolfes CEO Richard Buttle said the company has a firm grasp on the group operations moving forward and that, as part of its core organic growth strategy, the company will continue to concentrate on the expansion of its product ranges, while proactively increasing its geographical footprint into various markets.
“We are confident that the new year will deliver a stronger set of results. With a rich and knowledgeable skills set, each Rolfes company has consummate industry specialists leading the way forward.
“The team will concentrate on the South African market, addressing the agricultural, food, industrial and water chemicals markets,” he noted.
While strengthening its operational base across the group, Buttle remarked that Rolfes will maximise and build on current client potential across all companies.
“A plan is in place to extend the solution-focused offerings across all industries and continue to develop and grow a strong base of leading suppliers.”
He added that further growth will be derived from the group’s intention to extend and grow its regional businesses across South Africa and to expand the commodities product base across multiple product lines.
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