Hudaco grew turnover by 9%, operating profit by 5% in 2023

JSE-listed industrial, automotive and electronics distributor Hudaco has increased turnover by 9.1% for the financial year ended November 30, 2023, to R8.9-billion, and its operating profit by 5.1% to R1.07-billion. The group’s operating profit margin was 12%, down from 12.5% in the 2022 financial year.