The share price of construction and engineering group Aveng plunged around 20% in afternoon trade on the JSE on Monday, after the group posted a profit warning in its latest half-year trading update. Its share price weakened by as much as 35% at one point, following the trading update. However, it later regained some lost ground.
“Trading conditions in the period continued to be impacted by the effects of Covid-19, including travel restrictions and lockdowns,” Aveng says. “In addition, South Africa was impacted by riots, a steel industry strike and a global shortage of semi-conductors affecting the automotive sector.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: