Rolfes focusing on product and geographic diversification
JSE-listed chemicals 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, maintaining full-year dividend guidance of 8c.
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 per share from continuing operations to 34.7c.
Rolfes CEO Richard Buttle said the company had a firm grasp on the group operations moving forward and that, as part of its core organic growth strategy, the company would continue to concentrate on the expansion of its product ranges, while pro”actively 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 skill set, each Rolfes company has consummate industry specialists leading the way.
“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 would maximise and build on current client potential across all companies.
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