Karooooo Ltd. Reports Operating Results for the Fourth Quarter and Year Ended 28 February 2023
May 08, 2023 at 07:05 pm EDT
Karooooo Ltd. reported operating results for the fourth quarter and year ended 28 February 2023. For the quarter, the company's Cartrack subscribers were 1,717,077, up 13% (fourth quarter 2022: 1,525,972). Net Cartrack subscriber additions of 38,471, down 31% (fourth quarter 2022: 55,587).
For the full year 2023, the company's Cartrack subscribers were 1,717,077, up 13% (year 2022: 1,525,972). Net Cartrack subscriber additions were 191,105, down 13% (year 2022: 219,972).