Hudaco Industries Ltd 2011 Integrated Report
Company: Hudaco Industries Ltd
Sector: Wholesale & retail
Country: South Africa
Year: 2011
Type: Integrated Report
Pages: 114
The report records strong 2011 financial performance, with turnover up 29% to R3 182 million and operating profit up 42% to R426 million. Acquisitions made a material contribution, contributing 17% to headline earnings growth, while sales into Africa expanded. The company highlights workforce development, transformation and succession planning, including a new group transformation and human resources executive and increased focus on black and female management representation. Governance disclosure is detailed, but the company states that it did not obtain independent assurance on sustainability reporting and provided no empirical environmental data because environmental issues were not material.
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