Leading transport and logistics company, Unifreight Africa Limited has declared a final dividend of USD$300 000 to be paid to its shareholders after recording a profit before tax from continuing operations of $ 2.148 Million for the year ended 31 December 2017.
According to the group chairperson, Patrick Chingoka, Swift and Bulwark operations had a combined 8% increase in revenue.
“We are pleased to report a significant turnaround in Profit before tax from continuing operations of $ 2.148 Million for the year compared to a profit from continuing operations of $77 thousand for the Year ended 31st December 2016, representing a $2.071 Million improvement.
“Although the Group’s revenue from continuing operations of $22.960 million was $874 thousand down on prior year, current operations of Swift and Bulwark had a combined 8% increase in revenue.
“Earnings Before Interest Tax Depreciation and Amortization (EBITDA) is at $5.281 Million, representing an increase of $1.211 Million compared to what was achieved in 2016,” said Chingoka.
Unifreight Africa Limited is a listed corporation on the Zimbabwe Stock Exchange.
The companies within the Group have over 100 years combined experience in the local and regional transport industry, covering most areas of the transport sector, ranging from Courier services to Abnormal Loads.
