Onelogix warns of big profit hit due to Covid-19
The lockdown reversed moderate earnings growth in the first half of the group’s year to end-May, the logistics group said
05 August 2020 - 14:01
Logistics group Onelogix has warned profits could halve in its year to end-May, with the Covid-19 pandemic and associated lockdowns reversing a trend of moderate earnings growth in its first half.
The group expects headline earnings per share (Heps) to fall by between 40% and 50% when compared to the prior period’s 31.6c. Headline earnings is a widely used profit measure in SA, excluding certain one-off items to give a better indication of a company's underlying performance...
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