Tag: Billy Neasham
A bittersweet year for ARB Holdings. 2020 marks the group’s 40th year in business. However, according to the group, this financial year will be remembered for the wrong reasons. Although reporting a 3 per cent increase in earnings, the company’s revenue was held back by COVID-19. Billy Neasham, CEO of ARB Holdings CNBC Africa for more.
ARB Holdings has sited that its electrical division revenue was down by 4.5 per cent due to a lack of major infrastructure projects as well as the impact of load shedding on manufacturing and mining. Despite acquisitions such as GMC and Radiant Lighting boosting revenue irregular spending by Eskom continues to hurt the Electrical wholesaler and lighting distributor. Billy Neasham, CEO of ARB Holdings joins CNBC Africa for more.
ARB Holdings annual revenue has increased by 4.5 per cent to R2.7 billion driven by acquisitions offsetting its Eskom troubles. However its headline earnings per share have taken a knock with a decrease of around 19 per cent. ARB's CEO Billy Neasham joins CNBC Africa for more.
Property and investments group, ARB Holdings has released their interim numbers for the period ended 31 December 2018. Revenue is up to R1.3 billion and headline earnings per share are down 38 per cent. Joining CNBC Africa for more is Billy Neasham, CEO of ARB Holdings.