Cartrack CEO on how the company is navigating COVID-19 shocks
Vehicle recovery and data analytics company, Cartrack has positioned themselves to declare a dividend from profits generated during the financial year amid the COVID-19 global crisis. The company has declared a dividend of 54 cents per share and has seen an increase of 94 per cent of cash generated from operating activities. Joining CNBC Africa for more is Zak Calisto, CEO of Cartrack.
Thu, 14 May 2020 09:18:04 GMT
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AI Generated Summary
- Resilience during the Pandemic
- Strategic Positioning for Growth
- Leadership Insights
Cartrack, a vehicle recovery and data analytics company, has emerged as a strong player in the industry despite the challenges posed by the COVID-19 pandemic. The company recently declared a dividend of 54 cents per share, a testament to its resilience and ability to generate profits even during a global crisis. Cartrack's CEO, Zak Calisto, shared insights on how the company has navigated the COVID-19 shocks and positioned itself for growth during an interview with CNBC Africa.
Key Theme:
Cartrack's ability to declare dividends and increase cash generated from operating activities during the COVID-19 crisis highlights its strong financial performance and strategic planning amidst challenging economic conditions.
Key Points:
1. Resilience during the Pandemic: Despite the disruptions caused by the pandemic, Cartrack has managed to navigate the challenges and maintain its financial performance. The company's declaration of a dividend indicates its stability and profitability in a volatile market.
2. Strategic Positioning for Growth: Cartrack's focus on data analytics and vehicle recovery services has allowed the company to position itself for growth even in a challenging business environment. By leveraging technology and innovation, Cartrack has continued to expand its market reach and deliver value to its customers.
3. Leadership Insights: Zak Calisto's leadership and strategic vision have played a crucial role in steering Cartrack through the crisis. His emphasis on financial prudence and operational efficiency has enabled the company to weather the storm and emerge stronger amidst the uncertainties of the pandemic.
Quote:
In his interview with CNBC Africa, Zak Calisto highlighted the company's commitment to driving innovation and delivering superior services to its customers. He stated, "Cartrack remains dedicated to leveraging technology and data analytics to enhance our offerings and stay ahead of the competition. Our focus on delivering value to our customers and ensuring operational excellence has been key to our success during these challenging times."