Spanjaard reports profit drop amid supplier woes
Revenue in the group’s year to end-February fell slightly, with Spanjaard reporting disruptions in gas supply
07 July 2020 - 11:53
Spanjaard, which manufactures and distributes lubricants and chemical products, reported a double-digit profit drop in its year to end-February, when it experienced some supply problems.
The group said a major gas supplier declared force majeure in July 2019, which affected the production of goods and subsequently resulted in the fulfilling of orders received from customers being delayed. ..
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