Grindrod reports half-year loss as it impairs assets held for sale
Freight and financial services firm made a total loss after tax of R476.8m in the first half of 2019 on discontinued operations
23 August 2019 - 10:10
Freight and financial services company Grindrod made a net loss in the six months to end-June as it wrote down the value of businesses held for sale.
While the group’s continuing operations were profitable, the group made a total loss after tax of R476.8m in the first half of 2019, from a profit of R2.5bn previously, because of its discontinued operations...
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