Indequity profits fall as Covid-19 batters global markets
05 May 2020 - 09:01
Specialist insurer Indequity says the effect of Covid-19 on global markets resulted in profit almost halving during its six months to end-March.
Profit fell 42.2% to R2.7m during its half year, due to a decline in investment income, as the Dow Jones index closed more than 18% lower at the end of March than compared to the end of September...
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