Santova’s SA net profit plunges 43.7% in 2020 on poor economic growth
Logistic company’s UK and Europe operations help lift overall net profit 6.4% to R64.9m, but it skips dividend due to Covid-19
Logistics company Santova has opted to hang on to its cash rather than pay a 2020 dividend as Covid-19 batters the global economy and disrupts supply chains.
The group moves a variety of goods for customers in industries such as clothing, technology and food and beverages. ..