Earnings up 94% for Grindrod

2008-08-20 00:00

The JSE-listed, KZN-based shipping and freight logistics group, Grindrod, yesterday released its unaudited interim results for the six months ended June 30, 2008, which revealed that earnings grew 94% on the corresponding period of the prior year to R1,104 billion.

“Shipping continued to be the major profit contributor at 90% of total earnings, 107% up on the corresponding period. Freight Services experienced good growth in earnings of 65%. Trading did not perform as expected, but is positioned for a strong second half.

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