R189 million profit for OVK through diversification

By Annelie Coleman
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The OVK agribusiness group declared a net profit of R189 million before tax for the financial year that ended on 28 February 2017.

R189 million profit for OVK through diversification
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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.

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Annelie Coleman
Annelie Coleman represents Farmer’s Weekly in the Free State, North West and Northern Cape. Agriculture is in her blood. She grew up on a maize farm in the Wesselsbron district where her brother is still continuing with the family business. Annelie is passionate about the area she works in and calls it ‘God’s own country’. She’s particularly interested in beef cattle farming, especially with the indigenous African breeds. She’s an avid reader and owns a comprehensive collection of Africana covering hunting in colonial Africa, missionary history of same period, as well as Rhodesian literature.

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