Revenue
increased
18.0% to R8 143 million   Final dividend increased 12.0% to 28 cents per share   Profit before
taxation increased
35.6% to R488 million
Headline earnings
per share from continuing operations increased
6.2% to 77.2 cents   Proceeds from sale of Eqstra Mining Services (Bucyrus) business unit R424 million   Revenue generating assets
increased
15.2% to R8 884 million
 

Financial Statements

arrow Condensed group statement of financial position
arrow Condensed group income statement
arrow Condensed group statement of comprehensive income
  Condensed group discontinued operations income statement
arrow Condensed group statement of changes in equity
arrow Condensed group statement of cash flows
  Condensed group statement of discontinued cash flow
arrow Segment information – condensed statement of financial position
arrow Segment information – condensed income statement
arrow Notes


Commentary

Introduction

The board of directors is pleased to report that the Eqstra group (“the group”) grew earnings in an environment characterised by continued economic uncertainty and a challenging climate for industrial relations. Contract Mining and Plant Rental’s Benga project in Mozambique continued to deliver good results, however, the division was negatively impacted by industrial action in the domestic market and an underperforming contract. Construction and Mining Equipment Distributorships’ (CMED) performance was below expectations due to lumpy mining sector demand and weak demand from the construction industry. Passenger and Commercial Vehicles delivered another pleasing operating performance underpinned by annuity contracts, value-added services and the resumption of leasing asset growth. Industrial Equipment performed well despite a strong yen. United Kingdom (UK) forklift operations delivered a good performance with increased market share in a difficult market.

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