EnX’s petrochemicals hub was real drag on earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Canada News News

Still, the fleet sale looks a decent enough deal and proceeds will extinguish a pile of enX’s debt

The recent spark in the share price of industrial equipment specialist enX Group was quickly snuffed out on Monday after the release of year to end-August results.

Market watchers might well have expected the enX share price to find traction after the announcement in July of the R1.3bn sale of most of its fleet management business to Bidvest Bank.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines