IMPROVEMENTS in KWV’s business performance during the first six months of its 2008 financial year are encouraging.
Group turnover increased by 6,3% whilst headline earnings improved by 30,9%, compared to the first six months of the previous financial year. These results follow in the wake of the company’s new strategy, which has already delivered early successes.
According to CEO Thys Loubser, there are still challenges pertaining to the performance of KWV’s operations that have to be addressed.
“We shall continue to listen to the voice of the customer and the consumer, while at the same time focusing on our brands and on reducing costs,” he explained.
Although KWV expects this financial year to be challenging, especially in the South African market, it is confident that more envisaged business improvements will support the company’s growth targets.
