Insimbi warns of profit slump from SA lockdown
The metal alloys supplier, who had not operated as an essential service during SA’s initial lockdown, estimates a revenue hit of up to R900m
02 October 2020 - 08:46
Small-cap metal alloys supplier Insimbi Industrial Holdings has warned that interim profits have slumped after the Covid-19 pandemic shuttered its operations for the entire month of April.
The group had not operated as an essential service, and operations were effectively closed from March 27, before being reopened in a phased approach from May 4. ..
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