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Imperial Logistics Ltd (IPLJ.J)

IPLJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Imperial Logistics To Sell Its Interest In European Shipping Business
Monday, 4 May 2020 

May 4 (Reuters) - Imperial Logistics Ltd ::JSE: IPL - CATEGORY 1 TRANSACTION ANNOUNCEMENT RELATING TO THE DISPOSAL OF THE EUROPEAN SHIPPING BUSINESS.IMPERIAL LOGISTICS - ENTERED AGREEMENT FOR SALE OF ITS INTEREST IN ITS EUROPEAN SHIPPING BUSINESS TO HÄFEN UND GÜTERVERKEHR KÖLN AG.IMPERIAL LOGISTICS LTD - AGREED ENTERPRISE VALUE FOR INTEREST IN EUROPEAN OPERATIONS IS EUR 225,000,000.IMPERIAL LOGISTICS LTD - PROPOSED TRANSACTION PROCEEDS WILL BE USED TO OPTIMISE FINANCIAL POSITION OF IMPERIAL.  Full Article

Imperial Logistics Says Adopted Required Resolutions To Authorise Co To Enter ZAR Revolving Credit Facility Agreement
Tuesday, 10 Dec 2019 

Dec 11 (Reuters) - Imperial Logistics Ltd ::ADOPTED REQUIRED RESOLUTIONS TO AUTHORISE CO TO ENTER ZAR REVOLVING CREDIT FACILITY AGREEMENT AND A BWP TERM LOAN FACILITY.ADOPTED RESOLUTIONS TO AUTHORISE CO TO ENTER USD MULTICURRENCY REVOLVING CREDIT FACILITY TO REFINANCE EXISTING USD FACILITY.  Full Article

UAC Of Nigeria Says Imperial Logistics Increases Stake In MDS Logistics
Tuesday, 27 Aug 2019 

Aug 27 (Reuters) - Imperial Logistics Ltd ::IMPERIAL LOGISTICS INCREASES STAKE IN MDS LOGISTICS LIMITED.IMPERIAL LOGISTICS TO INCREASE STAKE IN MDS LOGISTICS FROM 49% TO 57%, BY ACQUIRING ADDITIONAL 8% SHAREHOLDING FROM UAC.UNDER TERMS OF DEAL, IMPERIAL LOGISTICS WILL TRANSFER SELECTED PROFITABLE CONTRACTS TO MDS AND PAY $2.4 MILLION IN CASH.  Full Article

Imperial Logistics Posts FY Continuing Revenue Up 6%
Tuesday, 27 Aug 2019 

Aug 27 (Reuters) - Imperial Logistics Ltd ::PRELIMINARY SUMMARISED RESULTS THE 12 MONTHS ENDED 30 JUNE 2019.FY CONTINUING HEPS -7% TO 542 CENTS PER SHARE.FY CONTINUING EPS -105% TO 26 CENTS LOSS PER SHARE.FINAL CASH DIVIDEND OF 109 CPS.FY CONTINUING REVENUE +6% TO R49,7 BILLION.SEES HIGH SINGLE DIGIT REVENUE GROWTH COMPARED TO PRIOR YEAR FOR FINANCIAL YEAR TO 30 JUNE 2020.SEES LOW DOUBLE DIGIT GROWTH IN CONTINUING HEPS COMPARED TO PRIOR YEAR FOR FY TO 30 JUNE 2020.SEES ONGOING STRONG FREE CASH FLOW CONVERSION OF C.70% FOR FINANCIAL YEAR TO 30 JUNE 2020.SEES LOW DOUBLE DIGIT OPERATING PROFIT GROWTH COMPARED TO PRIOR YEAR FOR FY TO 30 JUNE 2020.EXITING CONSUMER PACKAGED GOODS BUSINESS IN SOUTH AFRICA LED TO IMPAIRMENT OF ASSETS INCLUDING GOODWILL OF C.R590 MILLION.EXITING CONSUMER PACKAGED GOODS BUSINESS IN SOUTH AFRICA LED TO PROVISIONS FOR CLOSURE COSTS OF C.R850 MILLION POST-TAX IN FY.  Full Article

Imperial Logistics Says PSG Asset Management Now Holds 5.28 Pct Stake On Behalf Of Clients
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Imperial Logistics Ltd ::TOTAL BENEFICIAL INTEREST HELD BY PSG ASSET MANAGEMENT ON BEHALF OF CLIENTS IS 5.28%.  Full Article

Imperial Logistics Says Prudential Plc Owns 10.06 Pct Of Co's Shares
Monday, 4 Mar 2019 

March 4 (Reuters) - Imperial Logistics Ltd ::IMPERIAL LOGISTICS LTD - PRUDENTIAL ACQUIRED AN ADDITIONAL BENEFICIAL INTEREST IN SECURITIES OF COMPANY.IMPERIAL LOGISTICS LTD - PRUDENTIAL PLC CURRENTLY HOLDS 10.06 PERCENT OF TOTAL ISSUED SECURITIES OF IMPERIAL LOGISTICS.  Full Article

Imperial Logistics Sees 2019 HEPS In Line With Prior Year
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Imperial Logistics Ltd ::FOR FY 2019 EXPECTS LOWER OPERATING PROFIT THAN PRIOR YEAR .FOR FY 2019 EXPECTS HEPS IN LINE WITH PRIOR YEAR .HY CONTINUING REVENUE* +6% TO R26,6 BILLION.HY CONTINUING HEPS UP 24% TO 300 CENTS PER SHARE.IMPERIAL LOGISTICS LTD - HY CONTINUING EPS UP 57% TO 295 CENTS PER SHARE.HY INTERIM CASH DIVIDEND OF 135 CENTS PER SHARE.ONGOING INITIATIVES IN H2, INCLUDE REDUCING FLEET SIZE SIGNIFICANTLY, EXITING CERTAIN PROPERTY LEASES, AND OTHERS.IN LOGISTICS INTERNATIONAL, SIGNIFICANT SAVINGS TO BE REALISED VIA SUBSTANTIAL HEADCOUNT REDUCTIONS IN ADMINISTRATIVE FUNCTIONS.SEES HIGHER REVENUE THAN PRIOR YEAR IN 2019.FOR H2 F2019 LOGISTICS SOUTH AFRICA TO DELIVER PERFORMANCE BELOW THAT OF PRIOR PERIOD.FOR H2 F2019 LOGISTICS INTERNATIONAL TO DELIVER RESULTS THAT ARE LOWER THAN PRIOR PERIOD.FOR H2 '19 HEPS GROWTH TO BE NEGATIVELY IMPACTED BY WEAKER OPERATIONAL PERFORMANCE, COSTS.  Full Article

Imperial Logistics Sees Total Basic HEPS For H1 To Increase By Less Than 20%
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Imperial Logistics Ltd ::TRADING STATEMENT FOR THE 6 MONTHS ENDED 31 DECEMBER 2018.IMPERIAL LOGISTICS SEES REVENUE & OPERATING PROFIT FOR H1 F2019 IN LINE WITH PRIOR PERIOD (ON A CONTINUING BASIS EXCLUDING BUSINESSES HELD FOR SALE).TOTAL BASIC HEPS FOR H1 IS EXPECTED TO INCREASE BY LESS THAN 20% AND THEREFORE NO RANGE IS PROVIDED.EPS FOR SIX MONTHS TO 31 DECEMBER 201 IS EXPECTED TO INCREASE BY MORE THAN 20% COMPARED TO 31 DECEMBER 2017.  Full Article

Imperial Logistics Announces CEO Retirement
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - Imperial Logistics Ltd ::IMPERIAL LOGISTICS LTD - RETIREMENT OF CHIEF EXECUTIVE OFFICER.IMPERIAL LOGISTICS - MARIUS SWANEPOEL MARIUS WILL NOW RETIRE AS CEO OF CO WITH EFFECT FROM 1 FEB.IMPERIAL LOGISTICS - MOHAMMED AKOOJEE WILL SUCCEED HIM AS CEO OF IMPERIAL LOGISTICS FROM 1 FEB.  Full Article

Imperial Holdings Says Co Sees Growth In HEPS For Imperial Logistics & Motus In FY19
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Imperial Holdings Ltd ::IN EUROPE, CERTAIN SECTORS IN WHICH WE OPERATE REMAIN UNDER PRESSURE, E.G. STEEL.AUSTRALIAN NEW VEHICLE MARKET IS STEADY BUT REMAINS FRAGMENTED YET COMPETITIVE, WHICH PLACES PRESSURE ON MARGINS.AT THIS STAGE EXPECTATIONS FOR IMPERIAL LOGISTICS' AND MOTUS' PERFORMANCE IN F2019 ARE UNCHANGED.SEES A STRONGER SECOND HALF PERFORMANCE FROM IMPERIAL LOGISTICS.SEES GROWTH IN HEPS FOR IMPERIAL LOGISTICS (CONTINUING OPERATIONS) AND MOTUS IN FY 2019.TO COUNTER NEGATIVE IMPACT OF TRADING ENVIRONMENT, CO RATIONALISING STRUCTURES AND REDUCING COSTS IN SOME BUSINESSES.EXPECT THAT IMPERIAL LOGISTICS WILL ACHIEVE REVENUE AND OPERATING PROFIT FOR H1 F2019 IN LINE WITH PRIOR PERIOD AND HEPS GROWTH.MOTUS IS ANTICIPATED TO INCREASE REVENUE AND OPERATING PROFIT IN H1 F2019 WITH GROWTH IN HEPS COMPARED TO PRIOR PERIOD.  Full Article

BRIEF-Imperial Logistics Says Co's Performance For 9 Months To March 31 Was "Unsatisfactory"

* IMPERIAL LOGISTICS LTD - IMPERIAL'S PERFORMANCE FOR 9 MONTHS TO 31 MARCH 2020 WAS UNSATISFACTORY