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| ANNUAL REPORT 2004 |
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| GROUP OPERATIONAL HIGHLIGHTS |
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| Go to full report plus financial highlights |
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146% increase in headline earnings per share |
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198% increase in final dividend |
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206% increase in cash generated from operations |
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| CHAIRMAN'S REPORT |
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| The past year has been an outstanding year with the
group reporting record results. These results are the
outcome of the strategic decision taken some years
ago |
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| MANAGING DIRECTOR'S REPORT |
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| Grindrod has enjoyed with profits soaring to R50 million after five
years of good growth, resulting in compound growth
in earnings of 76% over the period. |
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| OPERATIONS REVIEWS |
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| Shipping services |
Freight and financial services |
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| The group’s shipping activities are
undertaken locally by Island View
Shipping (Pty) Limited and Unicorn
Shipping (Pty) Limited…. |
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The group’s freight management
activities are undertaken by
Grindrod Freight Investments
(Pty) Limited and Ocean Africa
Container Lines (Pty) Limited... |
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