The business
Protea is a non-ferrous casting operation based in Gauteng.
Performance
Protea Foundry experienced a good year in the midst of the economic recession with a 17.2% increase in headline earnings and improved operating margins from 30.5% to 30.9%. This was mainly driven by increased volumes and improved copper prices.
Prospects
Protea has commenced with expansion projects on its factory to increase capacity and available services, which should generate improved revenue and earnings.
Financial Highlights
| Year ended February | 2009 | 2010 | 2011 |
| Revenue (Rm) | 56,9 | 40,3 | 54,7 |
| Operating profit (Rm) | 16,4 | 12,3 | 16,9 |
| Operating margin (%) | 28,8 | 30,5 | 30,9 |
| Headline earnings (Rm) | 11,8 | 8,7 | 10,2 |
| Growth in headline earnings (%) | 49,4 | (26,3) | 17,2 |
Chief Executive Officer
Anthoon Rheeders
Other shareholders
Management (50%)
Investment since 2007
Anthoon Rheeders
Other shareholders
Management (50%)
Investment since 2007
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Head Office 55 Michelien Streeet Vanderbijlpark 1900 |
Postal Address PO Box 263136 Three Rivers 1935 |
Telephone +27 16 986 2373 |
Facsimile +27 16 986 1067 |