Hudaco Industries Ltd 2009 AR2
The report highlights Hudaco Industries' performance during the challenging 2009 financial year, marked by a deep economic recession in South Africa. Despite a 12% decline in turnover to R2.4 billion and a 28% drop in operating profit to R307 million, the company maintained profitability across all business units and strengthened its balance sheet with R335 million in cash. Hudaco advanced its black economic empowerment initiatives, with all operating businesses except Deutz Dieselpower achieving Level 4 or better on the DTI BBBEE scorecard. Additionally, the company continued to focus on skills development, investing R2.4 million in employee training, and maintained its commitment to environmental responsibility through ISO 14001 certifications across several key divisions.
Company: Hudaco Industries Ltd
Sector: Wholesale & retail
Country: South Africa
Year: 2009
Type: AR2
Pages: 96
Back to company
Hudaco Industries Ltd
Annual Report
The report highlights Hudaco Industries' performance during the challenging 2009 financial year, marked by a deep economic recession in South Africa. Despite a 12% decline in turnover to R2.4 billion and a 28% drop in operating profit to R307 million, the company maintained profitability across all business units and strengthened its balance sheet with R335 million in cash. Hudaco advanced its black economic empowerment initiatives, with all operating businesses except Deutz Dieselpower achieving Level 4 or better on the DTI BBBEE scorecard. Additionally, the company continued to focus on skills development, investing R2.4 million in employee training, and maintained its commitment to environmental responsibility through ISO 14001 certifications across several key divisions.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2009
Reporting Period
Dec 1, 2008 - Nov 30, 2009
Fiscal Year
2009
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees