Karooooo Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended August 31, 2022
October 12, 2022 at 09:16 pm
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Karooooo Ltd. reported earnings results for the second quarter and six months ended August 31, 2022. For the second quarter, the company reported sales was ZAR 859.28 million compared to ZAR 658.77 million a year ago. Net income was ZAR 152.54 million compared to ZAR 119.15 million a year ago. Basic earnings per share from continuing operations was ZAR 4.93 compared to ZAR 3.85 a year ago.
For the six months, sales was ZAR 1,660.72 million compared to ZAR 1,284.96 million a year ago. Net income was ZAR 306.08 million compared to ZAR 207.42 million a year ago. Basic earnings per share from continuing operations was ZAR 9.89 compared to ZAR 7.37 a year ago.
Karooooo Ltd. is a Singapore-based company, which is a provider of an on-the-ground operations cloud that maximizes the value of data. The Company operates through three segments: Cartrack, Carzuka, and Karooooo Logistics. Cartrack is a provider of an on-the-ground operational Internet of Things software-as-a-service (SaaS) cloud that maximizes the value of transportation, operation, and workflow data by providing insightful real-time data analytics to connected vehicles and equipment. Cartrack also includes systems integration, fleet administration, field worker management, video-based safety, risk mitigation, and delivery management. Carzuka is a physical and e-commerce vehicle buying and selling marketplace that allows customers to source, buy and sell vehicles. Karooooo Logistics provides a software application enabling the management of last-mile delivery and general operational logistics.