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Freight and financial services company Grindrod says good volumes at some of its terminals helped improve trading profit in its six-months to end-June, but it still expects a hefty loss after a period when Covid-19 battered global markets.

The group described its first half performance as “resilient” in a trading update, saying it saw good volumes through both the Maputo Port and Matola terminal. The group’s sea freight business and landside container operation also saw earnings growth, the group said..

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