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cargo carriers ltd (CRG) Snapshot

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52 Week High
06/19/14 - $2,540
52 Week Low
10/6/14 - $1,228
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cargo carriers ltd (CRG) Details

Cargo Carriers Limited provides technology-enabled solutions for logistics, transport, and aviation customers in sub-Saharan Africa. The company operates through three divisions: Industrial, Agricultural, and Supply Chain Services. The Industrial division is involved in the provision of transportation and remote inventory monitoring services for bulk liquid, including hazardous chemical products; and transportation services of steel products, as well as transportation services of cementitious products, such as cement. This division is also engaged in the provision of transportation services of platinum matte and copper concentrate; distribution, bridging, and storage of fuel; and provision of transportation services of bulk cryogenic products. The Agricultural division provides infield logistics services comprising cane loading and transport services for sugar and tomato products. The Supply Chain Services division offers supply chain software solutions, as well as integrating sourcing and transportation services. This division also supplies the DPS RouteOptimiser On Premise systems and the RouteOptimiser in cloud solutions; provides supply chain optimization consulting services; supplies and implements a TOC-based supply chain management system; and conducts inventory optimization studies for supply chain customers. Cargo Carriers Limited is also involved in provision of passenger aircraft transportation services; and property investment activities. The company was founded in 1956 and is headquartered in Johannesburg, South Africa. Cargo Carriers Limited is a subsidiary of Cargo Carriers Holdings (Pty) Ltd.

1,068 Employees
Last Reported Date: 05/20/14
Founded in 1956

cargo carriers ltd (CRG) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: R1.7M
Chief Financial Officer and Director
Total Annual Compensation: R1.0M
Executive Director
Total Annual Compensation: R1.0M
Compensation as of Fiscal Year 2014.

cargo carriers ltd (CRG) Key Developments

Cargo Carriers Mulls Acquisitions

Cargo Carriers Ltd. (JSE:CRG) is looking for acquisitions. Cargo Carriers will continue with its strategy of seeking profitable organic growth, but will augment this by utilizing its healthy balance sheet and favorable gearing should suitable acquisition opportunities present themselves.

Cargo Carriers Ltd. Reports Unaudited Consolidated Earnings Results for the Period Ended August 31, 2014

Cargo Carriers Ltd. reported unaudited consolidated earnings results for the period ended August 31, 2014. For the period, turnover was ZAR 438,484,000 against ZAR 477,479,000 a year ago. Revenue was ZAR 440,582,000 against ZAR 480,147,000 a year ago. Profit from operating activities was ZAR 26,168,000 against ZAR 47,273,000 a year ago. Profit before finance income and finance cost was ZAR 27,400,000 against ZAR 55,478,000 a year ago. Profit before tax was ZAR 21,320,000 against ZAR 46,852,000 a year ago. Profit for the period was ZAR 15,850,000 against ZAR 35,656,000 a year ago. Profit for the year attributable to equity holders of the company was ZAR 14,946,000 or 77.0 cents per basic and diluted share against ZAR 32,049,000 or 165.1 cents per basic and diluted share a year ago. Net asset value per share was 2,193 cents against 2,092 cents a year ago. Cash inflow from operating activities was ZAR 58,880,000 against ZAR 56,319,000 a year ago. Purchase of property, plant and equipment was ZAR 45,029,000 against ZAR 55,426,000 a year ago.

Cargo Carriers Ltd. Appoints Vincent Raseroka as an Independent Non-Executive Director and Member of the Audit and Risk Committee

Cargo Carriers Ltd. announced the appointment of Mr. Vincent Raseroka as an independent non-executive director of the company and member of the Audit and Risk Committee, with immediate effect.


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