As of November 27, 2013, CSG Holdings Ltd. was acquired by BDM Holdings Proprietary Limited in a reverse merger transaction. CSG Holdings Ltd. provides outsourced personnel, industrial and mining, and contract catering and food services in South Africa. The company offers workforce and training management services, such as labor outsourcing, recruitment, permanent placements, human resources, integrated payroll management, international contract workers, health and safety audits, industrial relationship management, employment equity, workforce restructuring, union related matters, and litigation management and support services. It also provides facility management services, including contrac...
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CSG Holdings Ltd. Reports Consolidated Earnings Results for the Thirteen Months Ended March 31, 2014
Jun 30 14
CSG Holdings Ltd. reported consolidated earnings results for the thirteen months ended March 31, 2014. For the period, the company reported revenue of ZAR 1,059,876,000 compared to ZAR 737,919,000 a year ago. Operating profit was ZAR 87,389,000 compared to ZAR 53,645,000 a year ago. Profit before taxation was ZAR 82,216,000 compared to ZAR 52,292,000 a year ago. Profit for the year attributable to owners of the parent was ZAR 38,548,000 or 16.00 cents diluted per share compared to ZAR 25,328,000 or 13.84 cents basic and diluted per share a year ago. Diluted headline earnings per share were 15.86 cents compared to 13.78 cents a year ago. Cash generated by operations was ZAR 67,251,000 compared to ZAR 35,233,000 a year ago. Net investment in property, plant and equipment was ZAR 9,092,000 compared to ZAR 1,216,000 a year ago.
CSG Mulls Acquisitions
Jun 30 14
CSG Holdings Ltd. (JSE:CSG) is seeking acquisition opportunities. CSG concluded the acquisition of BDM Holdings (Pty) Ltd on November 27, 2013. The merger has resulted in a more substantial business with an increased ability to raise capital, which is expected to facilitate the accelerated growth of the combined CSG group through actively pursuing acquisition opportunities.
CSG Holdings Ltd. Appoints Sarah Liezel Grobler as Chief Financial Officer
May 22 14
CSG Holdings Ltd. announced that Mrs. Sarah Liezel Grobler, currently the company’s acting Chief Financial Officer, has been appointed as Chief Financial Officer with effect from May 21, 2014.