Imperial buys stake in Nigerian logistics company MDS
LOGISTICS group Imperial has acquired 49% of MDS, a logistics company in Nigeria, for $26m in cash. Imperial said on Monday the transaction was an entry point into the logistics sector to service Nigeria’s fast-moving consumable goods, telecommunications and pharmaceutical industries.
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Imperial acquires 49% of Nigerian logistics provider
The JSE-listed Imperial Group had acquired 49% of Nigerian logistics provider MDS in a $26-million deal, the group announced on Monday. The transaction provided the Imperial group entry into the logistics sector of the rapidly expanding Nigerian fast-moving consumer goods, telecommunications and pharmaceutical industries, the company noted.
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Imperial strengthens footprint in Africa
One of Africa's largest companies has bought a stake in a leading Nigerian logistics provider in a bid to increase its representation in the country Imperial Holdings Limited has acquired 49 percent of MDS, a leading logistics provider in Nigeria, for a cash consideration of US$26 million.
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New IMPERIAL ads
IMPERIAL launched its latest brand campaign on 14 April, 2013. The campaign includes a TV commercial, press ads, radio ads and out of home media including airport branding and billboards.
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Business Report: Imperial Profits Up
Johannesburg - South African logistics group Imperial Holdings reported a 14 percent rise in first-half profit on Wednesday as debt-led consumer spending lifted its auto unit and offset a weak logistic market.
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Moneyweb: Imperial H1 HEPS, dividend up
Sees challenging market ahead.
•Revenue 18% higher at R45 262 million
•Operating profit improved 12% to R2 939 million
•HEPS up 14% to 829 cps
•Core EPS up 15% to 872 cps
•Cash generated by operations up 111% to R2 061 million
•Interim dividend increased 27% to 380c per share
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Unaudited Interim Results for the Six Months Ended 31 December 2013
Highlights and key data
Revenue 18% higher at R45 262 million
Operating profit improved 12% to R2 939 million
HEPS up 14% to 829 cps
Core EPS up 15% to 872 cps
Cash generated by operations up 111% to R2 061 million
Interim dividend increased 27% to 380 cps
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A year on and IMPERIAL continues to advocate for safer roads
On Thursday 8 November, IMPERIAL, the diversified industrial services and retail group with a large footprint in the transport and logistics sector, commemorates the first anniversary of its I-Pledge road safety initiative which has attracted over 101,000 pledges from both IMPERIAL employees and the South African public representing a groundswell of road users committed to the cause of safer roads.
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Imperial moves into pharmaceutical supply chain and extends footprint into Africa
Imperial moves into pharmaceutical supply chain and extends footprint into Africa
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Imperial Holdings’ ‘outstanding’ results exceed expectations
Imperial Holdings’ ‘outstanding’ results exceed expectations
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