Sandile Mchunu sandile.mchunu@inl.co.za TWK INVESTMENTS, a diversified agriculture and forestry company, yesterday reported a 41.8 percent surge in profits after tax to R89.53 million in the six months to end February and expects a good second-half ahead.
The group, which operates in a number of divisions that include timber, retail and mechanisation, financial services, grain and vehicles and tyres, is listed on the ZARX exchange.
Chief executive André Myburgh said the diversity of the firm’s income streams provided resilience amid the Covid-19 pandemic.
“Noteworthy contributors to the improved results came from the Sawmills, BedRock mining timber, Sunshine Seedlings, general trade and the fertiliser divisions, translating into a 41.8 percent increase in profit after tax.
With the careful management of working capital and cost-saving initiatives, TWK has been…