According to OVK managing director Stéfan Oberholzer, this resulted in a net profit increase of 4,81% before tax and after payment of R18,9 million loyalty discounts.
“Shareholders were rewarded with dividends and loyalty scheme payouts amounting to R55 million,” said Oberholzer.
OVK includes a retail network in the eastern Free State, Eastern Cape and Northern Cape as well as nationwide fibre and livestock services. This diverse geographic
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This diverse geographic distribution, as well as diversification of the business spread risk, contributed to the successes reported.
