Hudaco released its annual results for the year ended 30 November 2019 on 31 January 2020. Two of the critical drivers of Hudaco’s business are South Africa’s GDP growth rate and the Rand exchange rate, which lead to a challenging business environment. In spite of these challenges, group revenue rose by 5.1% to R6.7 bn (2018:6.3bn). The company’s diluted headline earnings per share increased by 5.6% to R13.29 per share, and the board declared a final gross dividend of R4.10 per share (2018: R3.80 per share).
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