Zeda Limited declares dividend for the first time since its JSE listing, showcasing strong growth in the face of stagnan
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GUEST: Ramasela Ganda - Zeda Limited Group Chief Executive Officer
Zeda Limited, Africa's leading integrated mobility solutions provider and operator of the globally recognised Avis and Budget brands, has today released its interim results, declaring a cash dividend for its shareholders for the first time since its JSE listing. The interim results showcase strong topline growth and cash generation.
More than a year since it was listed independently, the Zeda board declared a gross interim dividend of 50 cents per share, following an amendment to its dividend policy. The Group achieved a double-digit topline growth (19%), reaching a new record level revenue of R5 270 million. Meanwhile, an EBITDA growth (Earnings Before Interest, Taxes, Depreciation and Amortisation) of 7.5% was accrued in the face of a stagnant economy, softening used car market, and rising interest rates and fuel costs.
Zeda Limited, Africa's leading integrated mobility solutions provider and operator of the globally recognised Avis and Budget brands, has today released its interim results, declaring a cash dividend for its shareholders for the first time since its JSE listing. The interim results showcase strong topline growth and cash generation.
More than a year since it was listed independently, the Zeda board declared a gross interim dividend of 50 cents per share, following an amendment to its dividend policy. The Group achieved a double-digit topline growth (19%), reaching a new record level revenue of R5 270 million. Meanwhile, an EBITDA growth (Earnings Before Interest, Taxes, Depreciation and Amortisation) of 7.5% was accrued in the face of a stagnant economy, softening used car market, and rising interest rates and fuel costs.
