Brief: Karooooo Posts 28% Rise In FY Revenue

Karooooo

09/05/2023 06:36

May 9 (Reuters) - Karooooo Ltd  KARO.O :
    * JSE: KRO - UNAUDITED FOURTH QUARTER AND FULL YEAR 2023
RESULTS
AND DIVIDEND DECLARATION
    * KAROOOOO LTD - QTRLY TOTAL REVENUE INCREASED 24% TO ZAR916
MILLION (Q4 2022: ZAR742 MILLION)
    * KAROOOOO LTD - FY TOTAL REVENUE INCREASED 28% TO ZAR3,507
MILLION (FY 2022: ZAR2,746 MILLION)
    * KAROOOOO LTD - KAROOOOO GREW FY OPERATING PROFIT BY 26% TO
ZAR882 MILLION (FY 2022: ZAR699 MILLION)
    * KAROOOOO LTD - EXPECT CARTRACK'S FY 2024 OPERATING PROFIT
MARGIN
BETWEEN 28% AND 31%
    * KAROOOOO LTD - FACED CHALLENGING TRADING CONDITIONS IN
SOUTH
AFRICA PREDOMINATELY DUE TO UNPRECEDENTED NATIONAL POWER OUTAGES
IN Q4 2023

Source text for Eikon:  ID:nJseI0001a 
Further company coverage:  KARO.O 

 ((Reuters.Briefs@thomsonreuters.com;))