House price deflation hits Trellidor sales
Profit falls 17.6% as weak economy weighs on security specialist
09 March 2020 - 09:48
Fixed-security specialist Trellidor aims to launch new products in its second half to end-June in a bid to shore up revenue, reporting that rising unemployment and house price inflation are weighing on profits at most of its operations.
Profit for the period fell 17.5% to R26.83m in the group’s half year to end-December, with the group also proceeding with a strategy of buying out underperforming franchisees...
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