Barloworld pays dividend despite earnings drop

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GUEST – Dominic Sewela – Barloworld CEO
Key financial update:
Revenue declined by 7% to R41.9 billion
Earnings before interest, tax, depreciation and amortisation (EBITDA) declined by 7% to R5.1 billion
EBITDA margin maintained at 12.2%
Gross debt reduced by 29% to R7.9 billion
UK pension fund derisked and defined benefit pension fund liability removed from balance sheet.
ROIC above hurdle rate at 15.7%
Final dividend of 310 cents per share, total dividend of 520 per share, 4% higher than prior year.

25 Nov 11AM English South Africa Business News · Investing

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