Karooooo Ltd. Reports Operating Results for the Fourth Quarter and Year Ended 28 February 2023
Karooooo Ltd. reported operating results for the fourth quarter and year ended 28 February 2023. For the quarter, the company's Cartrack subscribers were 1,717,077, up 13% (fourth quarter 2022: 1,525,972). Net Cartrack subscriber additions of 38,471, down 31% (fourth quarter 2022: 55,587).
For the full year 2023, the company's Cartrack subscribers were 1,717,077, up 13% (year 2022: 1,525,972). Net Cartrack subscriber additions were 191,105, down 13% (year 2022: 219,972).