Grindrod profit up 21% in 2007
Durban, South Africa-based shipping and logistics group Grindrod Ltd. reported net profit for 2007 of 1.29 billion rand ($188 million), up 20.6 percent compared to 1.07 billion rand in the previous year.
Grindrod’s annual operating income rose 21.4 percent to 1.37 billion rand ($200 million), while revenue gained 36.5 percent to 17.08 billion rand ($2.49 billion).
Grindrod profit up 21% in 2007
