Karooooo Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 29, 2024
May 16, 2024 at 01:40 am IST
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Karooooo Ltd. reported earnings results for the fourth quarter and full year ended February 29, 2024. For the fourth quarter, the company reported sales was ZAR 1,088.37 million compared to ZAR 916.36 million a year ago. Net income was ZAR 210.69 million compared to ZAR 145.52 million a year ago. Basic earnings per share from continuing operations was ZAR 6.81 compared to ZAR 4.7 a year ago.
For the full year, sales was ZAR 4,205.51 million compared to ZAR 3,507.07 million a year ago. Net income was ZAR 738.19 million compared to ZAR 597.15 million a year ago. Basic earnings per share from continuing operations was ZAR 23.85 compared to ZAR 19.29 a year ago.
Karooooo Ltd. is a Singapore-based company, which is a provider of an on-the-ground operations cloud that maximizes the value of data. The Company operates through three segments: Cartrack, Carzuka, and Karooooo Logistics. Cartrack is a provider of an on-the-ground operational Internet of Things software-as-a-service (SaaS) cloud that maximizes the value of transportation, operation, and workflow data by providing insightful real-time data analytics to connected vehicles and equipment. Cartrack also includes systems integration, fleet administration, field worker management, video-based safety, risk mitigation, and delivery management. Carzuka is a physical and e-commerce vehicle buying and selling marketplace that allows customers to source, buy and sell vehicles. Karooooo Logistics provides a software application enabling the management of last-mile delivery and general operational logistics.
KAROOOOO LTD. 
