Note
Media Comment - 19 May 2015

Automotive units drive Barloworld earnings


According to Business Day Barloworld had its automotive business to thank for much of its 16% increase in headline earnings per share for continuing operations in the six months to March, as mining parts sales and maintenance annuity helped prop up profits amid a weak mining sector and sluggish oil prices. Revenues, operating profit and margins all grew in the automotive business, underlining the diversified industrial group's assertion that its integrated business model delivers value in car rental, motor retail and fleet operations, even in a tight vehicles sales market.

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