IMPERIAL’S share price fell for a third consecutive day after the logistics and automotive company said its operating profit would probably decline in the year through June, with trading conditions across the business expected to remain challenging.The shares slumped 4.2% to R163.95 at noon, paring gains for the year to 37%. A close at that level would be its lowest since August 5.The outlook for the financial year indicates single-digit revenue growth and a "moderate" decline in operating profit from continuing operations, the company said on Tuesday. Profit on that basis gained 3% to R6.4bn in the 12 months through June."There’s not a lot of reason to be excited," about trading conditions over the next year, CEO Mark Lamberti said. "The year ahead is going to be a challenging one."The CEO is pursuing international expansion of the company’s logistics operations, which range from pharmaceutical deliveries in Africa to barging on the Rhine. The company’s other main business is its v...
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