Hudaco Industries Ltd 2013 IR
The report highlights Hudaco's performance for the fiscal year ended November 30, 2013, during which the company achieved a 13% increase in turnover to R3.9 billion, despite challenging trading conditions and labor unrest in the mining and automotive sectors. Hudaco successfully completed three acquisitions, including Three-D Agencies, Specialised Battery Systems, and the Dosco group with Joseph Grieveson, to further diversify its portfolio and reduce dependence on mining. The company also restructured its BEE financing arrangements, bringing them internal while keeping black ownership intact. Additionally, Hudaco made significant progress in its Africa expansion initiative, increasing sales to the region by 41% to R362 million.
Company: Hudaco Industries Ltd
Sector: Wholesale & retail
Country: South Africa
Year: 2013
Type: IR
Pages: 120
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Hudaco Industries Ltd
Integrated Report
The report highlights Hudaco's performance for the fiscal year ended November 30, 2013, during which the company achieved a 13% increase in turnover to R3.9 billion, despite challenging trading conditions and labor unrest in the mining and automotive sectors. Hudaco successfully completed three acquisitions, including Three-D Agencies, Specialised Battery Systems, and the Dosco group with Joseph Grieveson, to further diversify its portfolio and reduce dependence on mining. The company also restructured its BEE financing arrangements, bringing them internal while keeping black ownership intact. Additionally, Hudaco made significant progress in its Africa expansion initiative, increasing sales to the region by 41% to R362 million.
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Document Details
Report Year
2013
Reporting Period
Dec 1, 2012 - Nov 30, 2013
Fiscal Year
2013
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees