Barloworld to merge automotive and logistics business as deals dry up

Italia Notizia Notizia

Barloworld to merge automotive and logistics business as deals dry up
Italia Ultime Notizie,Italia Notizie

Non-renewals of contracts and the disposal of its multi-temperature foods storage and distribution business KLL weighed on its results to end-September

One of the Hino trucks operated by Barloworld Logistics under the RTMS system. Picture: MOTOR NEWS

Revenue and operating profit were hit in its year to end-September due to the closure of its logistics business KLL, with the company also experiencing lower trading activity, and non-renewal of contracts in late 2018.The company declared a total dividend of 462c, unchanged from the prior period. Barloworld disposed of KLL during the period, having acquired it in 2016. KLL had mainly served top-end retailers.

 

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Show SA is open for business by cutting the red tapeSA is in desperate need of a model suited to quick innovation, writes Hennie Ferreira
Leggi di più »



Render Time: 2025-01-09 10:03:48