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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Improved trading conditions fast-track revenue growth at CA Sales

      Headline earnings for the company increased by 46 percent to R138.4 million with headline earnings per share going up by 44 percent to 30.0 cents per share from 20.8 cents per share in 2021. 

      mm by Baboloki Meekwane
      September 9, 2022
      in Companies & Markets
      Reading Time: 2 mins read
      0
      Improved trading conditions fast-track revenue growth at CA Sales

      GABORONE 9 November 2017, CA Sales Botswana listed with the Botswana Stock Exchange in Gaborone on 9 November 2017. BSE chief executive officer Thapelo Tsheole and CA Sales officials ringing bell to mark the official listing. (Pic:PRESS PHOTO)

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      • Interim results to June 30 show a well-positioned with a strong balance sheet, a diverse geographical presence and as a diversified portfolio

      Fast-moving consumer goods services group CA Sales Holdings has revealed that improved trading conditions during the first half of 2022 contributed to the massive growth of the company, which recorded a 20 percent increase in revenue.

      “The trading environment improved during the first half of 2022, compared to the first half of the prior year, which was negatively impacted by trading restrictions. “This improvement, as well as the on-boarding of new clients, contributed to the growth during this period,” the company, which trades as  CA&S Group, says in its consolidated interim financial statements for the six months ended 30 June 2022.

      The report says the satisfying half-year results are against the background of a positive trading environment with revenue growth of 20 percent  to R4.3 billion on the prior interim period (R3.6 billion in the first half of 2021) driven by sales volume increases. Gross profit increased by 25 percent to R625.2 million due to a change in the category mix while overheads increased by 16 percent  on the prior corresponding period.

      “Over and above inflation, this increase included the significant increases in fuel prices across all of the regions, over the last six months,” the company notes. According to the report, the positive trading environment coupled with managing cost increases, contributed to the increase of 47 percent in operating profit for the group to R215.0 million compared to R146.5 million in the comparative period in 2021.

      Headline earnings for the company increased by 46 percent to R138.4 million with headline earnings per share going up by 44 percent to 30.0 cents per share from 20.8 cents per share in 2021.  Earnings per share increased by 56 percent to 30.3 cents (19.4 cents in 2021). Its total assets increased by 17 percent to R3.7 billion  due to an increase in fixed and intangible assets as well as working capital. The strong cash flow generated from operations contributed to a healthy increase in net cash resources from R374.2 million at 30 June 2021 to R459.4 million at 30 June 2022.

      “The group also acquired an additional sales and merchandising business based in South Africa as part of its channel broadening strategy,” says the report. “This transaction gave rise to intangible assets of R36 million.” The report notes that increased geopolitical risks because of the protracted conflict between Russia and Ukraine adversely affected global economic conditions, which resulted in rising fuel and other commodity prices as well as scarcity of certain raw materials.

      “Global inflation and the challenging economic environment are expected to continue for the foreseeable future,” it says. “However, the group is well positioned with its strong balance sheet and a diverse geographical presence as well as a diversified portfolio, which should continue to enable it to deliver good results for the remainder of the financial year.” CA&S is a well-established fast-moving consumer goods (FMCG) service provider offering retail solutions to businesses that operate across southern Africa through route to market services to prominent multinational companies, as well as local brand owners and manufacturers.

      Tags: CA Sales Holdings

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