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Equipment, automotive divisions boost Barloworld’s performance in difficult interim period

Fleet management and logistics solutions company Barloworld on Monday posted a 5% increase in its operating profit for the six months ended March 31, to R1.84-billion, as its automotive division achieved record results and its overall equipment division boasted strong growth amid challenging global trading conditions. The Southern African equipment division delivered operating profit of R713-million, with aftermarket revenue increasing 3%. With more greenfield mining projects coming on line this year and a R1.9-billion order book at end-March, the company was set to continue benefiting from improved mining activity.