News Formal

Barloworld to merge automotive and logistics business as deals dry up

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

Nigeria News News

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.

 

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 NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Barloworld to merge automotive and logistics business as deals dry upNon-renewals of contracts and the disposal of its multi-temperature foods storage and distribution business KLL weighed on its results to end-September
Source: BDliveSA - 🏆 12. / 63 Read more »

EDITORIAL: Stakes are high for Prosus in food delivery business dealCEO Bob van Dijk is excited about possible acquisition of British food delivery business Just Eat
Source: BDliveSA - 🏆 12. / 63 Read more »