Latest news with #138
Business Wire
22-07-2025
- Business
- Business Wire
Karooooo Reports Strong Q1 2026 Results Highlighted By Accelerating Cartrack Revenue Growth
SINGAPORE--(BUSINESS WIRE)--Karooooo Limited ('Karooooo') reported strong results for the first quarter ('Q1 2026') ended May 31, 2025. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics. We are pleased to report a strong start to FY 2026 highlighted by accelerating Cartrack subscription revenue growth across all regions. Share Q1 2026 highlights include: Q1 Cartrack Subscription Revenue growth accelerated to 19% Y/Y Karooooo EPS increased 19% Y/Y to ZAR8.55 (Q1 2025: ZAR7.17) Karooooo Subscribers increased 17% to 2.4 million (Q1 2025: 2.0 million) Zak Calisto, CEO and Founder: 'We are pleased to report a strong start to FY 2026 highlighted by accelerating Cartrack subscription revenue growth across all regions. We are realizing the benefits of our extensive footprint, and we believe that we remain well positioned to build our customer base. We remain optimistic about continued healthy organic growth in all geographies. Southeast Asia continues to present the largest growth opportunity for us over the medium-to-long term and is our fastest growing region. Cartrack Subscription Revenue growth in Southeast Asia accelerated to 30% in the first quarter.' Cartrack total revenue increased 18% to ZAR1,156 million in Q1 2026 (Q1 2025: ZAR981 million). Cartrack subscription revenue increased 19% to ZAR1,138 million in Q1 2026 (Q1 2025: ZAR960 million). Cartrack delivered net subscriber additions of 84,013 during the quarter (Q1 2025: 75,910). Karooooo Logistics continues to scale and its revenue increased 20% to ZAR121 million in Q4 2025 (Q1 2025: ZAR101 million). Karooooo's EPS increased 19% to ZAR8.55 in Q1 2026 (Q1 2025: ZAR7.17). Karooooo's consistently profitable business model, underpinned by a strong balance sheet and healthy cash position, positions it well to capitalize on a growing opportunity. Full earnings: About Karooooo Karooooo digitally transforms physical operations by simplifying decision making. Through its cloud platform, Karooooo empowers businesses to conquer operations including fleet maintenance, fuel management and asset utilization, workforce management, logistics, safety, compliance, risk and environmental impact. Karooooo's differentiated insights and analytics simplify day-to-day operations and enable businesses to decrease costs, increase efficiency, improve safety and strengthen workforce and customer satisfaction. Karooooo is headquartered in Singapore and services more than 125,000 commercial customers and more than 2,400,000 active subscribers in more than 20 countries. For more information, visit
Hans India
19-07-2025
- Business
- Hans India
Consumer biz fuels RIL's Q1 net to record high
New Delhi: India's most valuable company Reliance Industries (RIL) on Friday reported its highest-ever quarterly profit of Rs26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by a bumper showing of consumer businesses. The oil-to-retail-to-telecom conglomerate's consolidated net profit attributable to owners of the company stood at Rs26,994 crore or Rs19.95 per share, in April-June 2025 compared to Rs15,138 crore earnings in the year-ago period, according to an exchange filing. The net profit was also 39 per cent higher quarter-on-quarter when compared to Rs19,407 crore earnings in the preceding three months ended on March 31. RIL Chairman and Managing Director, MukeshAmbani said that Reliance has begun FY26 with a robust, all-round operational and financial performance. 'Consolidated EBITDA for the first quarter of FY26 improved strongly from a year-ago period, despite significant volatility in global macros. During the quarter, energy markets encountered heightened uncertainty, with sharp fluctuations in crude prices. Our O2C business delivered strong growth, with thrust on domestic demand fulfillment and offering value-added solutions through the Jio-bp network. Performance was supported by improvement in fuel and downstream product margins,' Ambani said. The firm helmed by billionaire MukeshAmbani continued to post an uptick in consumer businesses -- retail and telecom. While Jio was helped by a rise in consumer base, the retail business delivered steady performance due to an increase in footfalls at its expanded store network. Revenue from operations was up by 5.26 per cent to Rs2.48 lakh crore in the first quarter of 2025-26 compared to Rs2.36 lakh crore in the year-ago period. The mainstay oil refining and petrochemicals business, called O2C, posted a 1.5 per cent decline Y-o-Y due to a fall in crude oil prices and lower volumes on account of the planned shutdown. Segment revenues were supported by increased domestic placement of transportation fuels through Jio-bp, a company statement said.
Barnama
17-07-2025
- Business
- Barnama
CPO Futures End Lower As Market Awaits Fresh Export, Production Data
By K. Naveen Prabu KUALA LUMPUR, July 17 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, as traders turned cautious ahead of key export and production figures due next week. Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said traders are likely awaiting new market leads, particularly for export and production data from July 1 to 20. 'The next major data release will be cargo surveyor estimates for exports and production figures from the Malaysian Palm Oil Association, which will provide clearer guidance for the market,' he told Bernama. He added the CPO market appeared stagnant today, with nearby-month contracts such as August to December showing little movement. 'The market seemed a little directionless today after two sessions of sharp swings. Prices traded on both sides earlier in the session but settled in negative territory by the close,' he said. At the close, the new spot-month August contract fell RM20 to RM4,138 per tonne, September 2025 contract declined RM18 to RM4,180 per tonne and October 2025 contract eased RM14 to RM4,210 per tonne. November 2025 slipped RM16 to RM4,217 per tonne, December 2025 dropped RM20 to RM4,213 per tonne while January 2026 contract shed RM27 to RM4,205 per tonne. Trading volume rose to 119,798 lots from 90,890 lots on Wednesday, while open interest increased to 232,699 contracts from 231,958 contracts previously.
Borneo Post
22-05-2025
- Business
- Borneo Post
Sarawak State Assembly approves two Supplementary Supply Bills
Tabled by Uggah, the Bills were the Supplementary Supply (2024) Bill involving an allocation of RM153,769,197 and the Supplementary Supply (2025) Bill for RM237,660,520. – Photo by Roystein Emmor KUCHING (May 22): The Sarawak State Legislative Assembly has unanimously passed two Supplementary Supply Bills involving a total of RM391,429,717 for additional expenditure that was not covered in previous allocations. The Bills, tabled by Deputy Premier and Second State Minister for Finance and New Economy Datuk Amar Douglas Uggah Embas, were the Supplementary Supply (2024) Bill involving an allocation of RM153,769,197 and the Supplementary Supply (2025) Bill for RM237,660,520. According to Uggah, the Supplementary Supply (2024) is to meet the cost of various services incurred by various Ministries and Departments for which funds were not provided for or insufficiently provided for in the 2024 estimates. Meanwhile, he said the Supplementary Supply (2025) seeks additional expenditure, among others, a total sum of RM100,000,000 required by the Department of the Premier of Sarawak to cater for rental of air-chartered services due to increased activities. 'A total sum of RM72,264,000 is required by the Sarawak Ministry of Education, Innovation and Talent Development to cater for a special Pocket Money Initiative at RM1,200 per Sarawakian student pursuing a diploma or bachelor's degree in higher education institutions throughout Malaysia. 'A total sum of RM62,271,138 is required by the following Ministries and Departments to cover payment for special monthly allowance, Bantuan Insentif Sara Hidup, to all Sarawak civil servants effective January 2025,' he added. – Bernama douglas uggah embas DUN Supplementary Supply Bills
TimesLIVE
19-05-2025
- Automotive
- TimesLIVE
Shareholders demand VW reforms its ‘highly problematic' governance
Volkswagen's shareholders renewed their criticism of the carmaker's corporate governance on Friday, demanding greater board independence and expressing growing concern over the dominance of the German company's controlling families. At the carmaker's virtual annual general meeting, several major investors took aim at CEO Oliver Blume's dual role as head of Volkswagen and Porsche AG, a contentious issue since Porsche's listing as a separate company in September 2022. "Mr Blume, again we make the urgent appeal: give up one of your board positions," said Ingo Speich of Deka Investment, stating conflicts of interest across the carmaker's governance structure were "highly problematic" and causing "grave damage to reputation and enormous financial losses.." Volkswagen's share price has dropped by nearly 25% in the past year from €140.40 (R2,842) to €105.6 (R2,138), underperforming the European autos index and Germany's DAX, according to LSEG data. The carmaker, which warned last month it would likely hit the bottom end of its annual profit margin forecast, is battling challenges in all its key markets, from steep tariffs in the US to fierce competition in China and high costs in Europe. 'Blatant deficiencies' The Porsche and Piech families effectively control Volkswagen through their holding firm Porsche SE, which holds most of the voting rights in the Wolfsburg-based carmaker. Wolfgang Porsche, who leads the supervisory boards of Porsche SE and sportscar maker Porsche AG, has previously dismissed the idea that poor governance is to blame for the carmaker's languishing share price, instead blaming weak performance and high costs. However, four investors argued that a lack of expertise on the board in key competencies such as electrification and digitalisation were holding back the carmaker. "The impression is becoming stronger that power, rather than the market, dominates at VW," said Hendrik Schmidt from asset manager DWS. Blume and supervisory board chair Hans Dieter Poetsch defended the CEO's dual role on Friday, saying it benefited cost-cutting efforts underway at the two companies. "It was clear from the beginning that [my dual role] was not intended to last forever," Blume said. "The dual role is a recipe for success." Investors are not so sure.
