EnX holds on to dividend even as profits rebound
The group is prioritising its debt and says uncertainties persist — but it is seeing activity that exceeds pre-pandemic levels
03 November 2021 - 18:46
Petrochemicals, equipment and logistics group enX has opted to scrap 2021 dividend payouts as it battles a R2bn debt pile even as it posted a rebound in profit.
Revenue from continuing operations rose 12% to R4.33bn in the group’s year to end-August, with these businesses adding R164m to the bottom line, or headline earnings, after suffering a loss of R40m previously...
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