Q3 Results – Revenue increased 29% to R930 million but earnings came up lighter than expected as group profit dipped slightly to R147 million as a result of higher costs. The owner of Cartrack (Karooooo also owns vehicle-trading business Carzuka and Karooooo Logistics, recently renamed, Picup) saw subscribers increase 14% to 1,678,606. Revenue in South Africa increased 13%. In Europe, where it operates in Poland, Portugal and Spain, revenue rose 14%. It is now looking to expand to France. South East Asia saw revenue jump 36%.