Edition:
India

Imperial Logistics Ltd (IPLJ.J)

IPLJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Imperial Holdings Says CEO Osman Arbee On Medical Leave
Monday, 30 Jul 2018 

July 30 (Reuters) - Imperial Holdings Ltd ::CHIEF EXECUTIVE OFFICER OSMAN ARBEE IS CURRENTLY ON MEDICAL LEAVE.AT END OF JUNE 2018 OSMAN ARBEE UNDERWENT SURGERY..ARBEE IS EXPECTED TO BE BACK AT WORK IN JANUARY 2019 AND CONTINUE IN HIS ROLE AS CEO OF MOTUS.DURING HIS RECOVERY PERIOD, ARBEE WILL BE AVAILABLE TO MANAGEMENT TO ADVISE ON STRATEGIC MATTERS.ARBEE'S SURGERY WAS SUCCESSFUL BUT HE SUBSEQUENTLY SUFFERED MINOR STROKE RESULTING IN RECOVERY PERIOD BEING LONGER THAN EXPECTED.MOHAMMED AKOOJEE WILL BE APPOINTED ACTING CEO.DURING OSMAN'S ABSENCE, OCKERT JANSE VAN RENSBURG WILL BE ACTING CEO OF MOTUS IN ADDITION TO HIS ROLE AS CFO OF MOTUS.  Full Article

Imperial Says ‍HY HEPS Up 16% TO 717 Cents Per Share​
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Imperial Holdings Ltd ::‍HY HEPS UP 16% TO 717 CENTS PER SHARE​.‍HY EPS UP 9% TO 671 CENTS PER SHARE​.‍RECORD HALF YEAR REVENUE UP 11% TO R66,5 BILLION​.‍INTERIM CASH DIVIDEND OF 323 CENTS PER SHARE​.‍NEAR TERM EXPECTATIONS ARE UNCHANGED​.‍IN SIX MONTHS TO JUNE FOR CONTINUING OPERATIONS, SEES LOGISTICS AND MOTUS TO INCREASE REVENUES, OPERATING PROFIT AT HIGHER RATE THAN H1.‍NET DEBT INCREASED BY 15% OR R2,2 BILLION (IN LINE WITH EXPECTATIONS) FROM JUNE 2017 BUT DECREASED BY 13% OR R2,5 BILLION FROM DECEMBER 2016​.‍IN SIX MONTHS TO JUNE FOR CONTINUING OPERATIONS, SEES ‍IMPERIAL HOLDINGS TO INCREASE REVENUES, OPERATING PROFIT AT HIGHER RATE THAN H1.‍IN 6 MONTHS TO JUNE FOR CONTINUING OPERATIONS, ‍IMPERIAL HOLDINGS TO PRODUCE DOUBLE-DIGIT GROWTH IN HEPS SUBSTANTIALLY HIGHER THAN H1.  Full Article

AECI to buy Schirm Gmbh
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Aeci Ltd :AECI LTD - ‍AECI MAURITIUS WILL ACQUIRE 100% OF SHARE CAPITAL IN SCHIRM GMBH AND SHAREHOLDER LOAN CLAIMS​.AECI LTD - ‍PURCHASE CONSIDERATION IS EUR 110,5 MILLION AND IS PAYABLE IN CASH​.AECI LTD - ‍SCHIRM GMBH WILL ACQUIRE CONTRACT MANUFACTURING SERVICE BUSINESS OF AND A PROPERTY IN WOLFENBÜTTEL, GERMANY​.‍AECI WILL FUND TRANSACTION UTILISING A FINANCING FACILITY PROVIDED BY STANDARD BANK OF SOUTH AFRICA LIMITED​.AECI LTD - ‍ICL WILL RETAIN CUSTOMER WAREHOUSING, TRANSPORTATION AND DISTRIBUTION SERVICES ON SITES ON WHICH SCHIRM OPERATES​.  Full Article

Imperial records 10 pct fall in FY HEPS
Tuesday, 22 Aug 2017 

Aug 22 (Reuters) - Imperial Holdings Ltd :FY REVENUE UP 1% TO R119,5 BILLION.FY HEPS DOWN 10% TO 1,390 CENTS PER SHARE.FULL YEAR DIVIDEND DOWN 18% TO 650 CENTS PER SHARE.FY OPERATING PROFIT UP 2% TO R6,5 BILLION.FY PROFIT BEFORE TAX FROM CONTINUING OPERATIONS OPERATING PROFIT 3.19 BILLION BILLION RAND VERSUS 3.98 BILLION RAND YEAR AGO.ANTICIPATE SOLID OPERATING AND FINANCIAL RESULTS IN YEAR TO JUNE 2018.SEES CONTINUING OPERATIONS TO INCREASE REVENUES AND OPERATING PROFIT WITH DOUBLE-DIGIT GROWTH IN HEPS, STRONGER IN SECOND HALF.  Full Article

Imperial Holdings ‍sees FY HEPS down 11 pct-14 pct​
Monday, 7 Aug 2017 

Aug 7 (Reuters) - IMPERIAL HOLDINGS LTD ::‍SEES HEPS FOR FY ENDED JUNE 30 OF 1400 CENTS TO 1360 CENTS (11 PCT TO 14 PCT DOWN)​.  Full Article

Imperial holdings fulfills remaining condition relating to disposal of Regent Group
Wednesday, 28 Jun 2017 

June 28 (Reuters) - Imperial Holdings Ltd ::Value of net assets as at 30 June 2016 that are subject of transaction is approximately 1.6 billion rand.Says outstanding portion of total purchase consideration of about 1.1 billion rand will be settled in cash on 30 June 2017.Says proceeds will be used to reduce short term debt.Imperial holdings on 26 June 2017, South African Financial Services board approved transaction in and Tier 2 capital of regent group.  Full Article

Imperial Holdings says trading environment remains challenging in South Africa
Tuesday, 16 May 2017 

May 16 (Reuters) - Imperial Holdings Ltd ::Trading environment remains challenging in South Africa.Slow economic recovery continues and trading conditions remain satisfactory in eurozone, UK and Australia.Factors affecting Co during HY 2017: low water levels on rhine; lower demand and pricing pressures in steel, energy, commodities and construction sectors.Factors impacting during HY 2017: steady UK economic growth as yet unaffected by brexit, rand volatility.Restructuring announced in 2014 is ahead of plan, nearing completion during first half of 2017.We expect imperial group to achieve a single digit increase in revenues and unchanged operating profit for year to June 30 2017.A significant increase in foreign exchange losses and higher financing costs will however depress headline earnings..  Full Article