KayDav warns of steep profit drop from Covid-19
Revenue has slumped for the trader of wood-based panels and packaging amid the pandemic
30 June 2020 - 10:42
Wood-based panel trader and packaging distributor KayDav warned on Tuesday the lack of trading during the lockdown caused by the Covid-19 pandemic would have a severe effect on profits in its six months to end-June.
Headline earnings per share are expected to fall by at least 80%, with the group saying revenue fell 80% in April...
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