Barloworld CEO warns of geopolitical risk
Eurasia’s performance was underpinned by the ‘exceptional growth’ in Barloworld Mongolia
25 November 2024 - 08:20
Diversified industrial group Barloworld has reported lower annual earnings in a challenging trading environment, with the CEO warning that geopolitical risk has overtaken inflation as the primary risk factor.
Revenue for the 12 months to end-September decreased by 6.9% to R41.9bn, primarily driven by subdued trading results from Equipment Southern Africa (down 12.7%) and lower activity from Vostochnaya Technica (VT) compared with the previous financial year, the group said in a statement on Monday...
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