KAROOOOO is targeting a good fourth quarter financial performance, even though that’s traditionally its toughest trading period, because of the December holidays in South Africa, and the Chinese New Year, which impacts business across Asia.
This is according to CEO and founder Zak Calisto, who was interviewed yesterday at the release of robust financial results for the third quarter to November 30.
He said the results were underpinned by an entrepreneurial, innovative, agile and customer-centric culture, with a prudent capital allocation strategy focused on growth.
Total revenue increased 16% to R1.08 billion. Adjusted earnings before interest, tax, depreciation and amortisation increased 28% to R427.83 million. Despite provisions for Carzuka’s reduced operations, earnings a share grew 35% to R6.34 for the third quarter. Carzuka negatively impacted earnings a share by…
