Labat Africa drops profit guidance as virus impacts linger
The investment holding company’s revenue for the six months to end-February 2020 has plummeted
Investment holding company Labat Africa has withdrawn its five-year profit forecasts, including the projections it had for its current financial year to end-August 2020, due to the coronavirus pandemic.
The company is undergoing a turnaround as it seeks to get more exposure in the fast-growing cannabis industry. ..