Lower demand for schoolbooks weighs on Novus
Operating profit in the firm’s print unit fell 45.3% in its six months to end-September, with fewer books being ordered by the government
11 November 2019 - 13:53
Printing and manufacturing group Novus said on Monday lower demand across its print category weighed on its results in the six months to end-September.
Print revenue fell 6.3% to R1.71bn and operating profit 4.53% to R117m, including a 13% fall in books and directories, due mainly to lower volumes to the department of basic education...
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