Insimbi sees profit drop as it braces for deteriorating economy
The group says it has reduced costs and is performing better than expected, but has taken a hit from Covid-19 shutdowns
21 August 2020 - 08:08
Small-cap metal alloys supplier Insimbi Industrial Holdings has seen profits slump by more than a third in its year to end-February, when Covid-19 and geopolitical tension weighed on global markets and commodity prices
Profit fell 36% to R29.36m, but Insimbi said it was cautiously optimistic about its prospects in the current financial year...
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