enX warns of profit fall due to Covid-19
The group expects full-year profit to decline as the pandemic deals a further blow to SA’s ailing economy
27 May 2020 - 11:12
Petrochemicals and logistics group enX, which saw the sale of its fleet management business to Bidvest recently fell through, says it expects full-year profits to decline as Covid-19 puts even more pressure on SA’s economy.
The group expects both revenue and profit to decline in its full year, saying customers may struggle to maintain payments within terms due to liquidity issues, while it also expects a loss in revenue from those unable to operate...
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