Imperial Logistics expects lower earnings as it impairs SA assets

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Ireland News News

The company says that the the state of SA’s economy and rising competition has led it to intensify efforts to restructure and rationalise its operations

The company says that the state of SA’s economy and rising competition has led it to intensify efforts to restructure and rationalise its operationsImperial Logistics says earnings will probably fall in the year to end-June as it writes down the value of its consumer packaged goods business in SA by up to R1.4bn.

But its consumer packaged goods business — which accounts for a fifth of revenue in SA — continues to be loss-making, it said. “This significant step does not represent our exit from the consumer industry [segment] in SA, but only the rationalisation of the multi-principal distribution capability that has become unviable,” it said.

 

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

Impairs SA Assets. Learn to write English.

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

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.

Pepkor says market-share gains boosted half-year earningsCompetitive pricing helped bolster the clothing and merchandise business, says the group
Source: BDliveSA - 🏆 12. / 63 Read more »