News Formal

enX Group reports lower interim earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

However, revenue edged slightly higher, boosted by ‘good growth in both the lubricant and chemical businesses’

enX Group, which provides industrial and petrochemical products as well as fleet management and logistics services, said on Wednesday that net profit in the six months to February fell 8% to R129.3m.

While operating profit increased 6.8% to R378.3m, higher net finance costs and a higher effective tax rate weighed on earnings, enX said. The Eqstra fleet management and logistics business’s lease book “is now increasing” after improving customer retention rates and winning new business.

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 İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sudan army raid group close to Bashir's party: witnesses - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A team of Sudanese soldiers Thursday raided the offices of a group linked to President Omar al-Bashir's ruling National Congress Party in Khartoum, witnesses said.
Source: SABC News Online - 🏆 32. / 51 Read more »

Group Five to shed assets under business reviewThe group, one of the biggest names in South Africa’s construction industry, said the disposals would help it meet its debt obligations, cover working capital and cut its liabilities.
Source: ewnupdates - 🏆 30. / 53 Read more »