Grindrod Ltd 2011 IR
The report highlights Grindrod Limited's performance for the fiscal year 2011, during which the company advanced its port, terminal, and rail infrastructure projects in Africa. Despite a 32% decline in net profit to R531 million due to weak shipping markets, group revenue increased by 22% to R35,885 million, driven by growth in the Trading and Freight Services divisions. Key achievements include raising R2 billion in equity with Remgro Limited as a major shareholder and partnering with Vitol for the Maputo coal terminal expansion. On the sustainability front, the company was admitted to the JSE's Socially Responsible Investment Index, achieving a 'Best Practice' result for environmental performance.
Company: Grindrod Ltd
Sector: Transport & logistics
Country: South Africa
Year: 2011
Type: IR
Pages: 31
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Grindrod Ltd
Integrated Annual Report
The report highlights Grindrod Limited's performance for the fiscal year 2011, during which the company advanced its port, terminal, and rail infrastructure projects in Africa. Despite a 32% decline in net profit to R531 million due to weak shipping markets, group revenue increased by 22% to R35,885 million, driven by growth in the Trading and Freight Services divisions. Key achievements include raising R2 billion in equity with Remgro Limited as a major shareholder and partnering with Vitol for the Maputo coal terminal expansion. On the sustainability front, the company was admitted to the JSE's Socially Responsible Investment Index, achieving a 'Best Practice' result for environmental performance.
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Document Details
Report Year
2011
Reporting Period
Jan 1, 2011 - Dec 31, 2011
Fiscal Year
2011
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees