Hudaco profit rises in FY17 Hudaco CEO Graham Dunford talks about the group’s end of year financial results

JSE-listed Hudaco on Friday reported a 7% increase in sales to R5.9-billion for the financial year ended November 30, 2017, while operating profit rose 6% to R676-million. CEO Graham Dunford told Engineering News Online on Friday that comparable earnings a share were up by 7% to 1 251c, while headline earnings a share rose by 3% to 1 256c, owing to a positive fair value adjustment on the vendor liability in the previous year.