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Eqstra ups profit 16%, fleet management, logistics business lagging

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Industrial and capital equipment group Eqstra on Wednesday reported an 11.6% increase in revenue, to R9-billion, for the year ended June 30, with operating profit up 16.2% to R1-billion. The revenue jump came from increased equipment sales and the positive impact of new acquisitions in the Industrial Equipment business, as well as improved domestic contract mining production volumes in the Contract Mining and Plant Rental business.
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