Imperial Logistics warns of 91% fall in earnings as Covid-19 hits operations
The fall was also the result of one-off costs associated with restructuring in SA
20 August 2020 - 11:47
Transport group Imperial Logistics says it expects earnings to have dropped by as much as 91% in the year to end-June, largely due to losses incurred by its consumer packaged goods business and the effect of Covid-19 across its operations in the second half of the period.
Imperial, which provides transportation for automotive, chemical and industrial sectors, said in a trading statement on Thursday that headline earnings per share (HEPS) would fall to between 95c and 115c or between 83% to 86% in the 12 months to June 30...
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