Unifreight, Zimplow synergy to increase profit

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LOGISTICS Company Unifreight Africa (Unifreight) says it is expecting increased revenue and net profit following its investment in Zimplow, which has a wider distribution network.
In a statement accompanying the group’s financial results for the year to December 31, 2021, Unifreight chairman Peter Annesley said the group will continue to look for opportunities to remain profitable going forward.

“Under the circumstances, the board is relatively happy with the results produced during the period under review, particularly the acquisition of new revenue-earning equipment, growth in the balance sheet in real terms and the investment in Zimplow, which will result in the group enjoying benefits from the synergy,” said Annesley about the company’s outlook.