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WATCH: A taxing first half for Stefanutti
CEO Willie Meyburgh discusses the reasons the company's top line has not entirely filtered through to the bottom line
Stefanutti Stocks reported an increase in revenue and operating profit for the six months to the end-August. Headline earnings per share, however, were down 15% compared with the year-earlier period.
CEO Willie Meyburgh speaks to Business Day TV’s Alishia Seckam about the reasons the company’s top line has not entirely filtered through to the bottom line.
He said higher taxes had weighed on Stefanutti’s first-half earnings.
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