Steinhoff says interim losses narrowed, but future is uncertain
While revenue from continuing operations rose 2.9% to €6.9bn thanks mainly to Pepkor Europe, Steinhoff says the costs of stabilising the group remain high
12 July 2019 - 13:14
Steinhoff, reeling from an accounting scandal, said on Friday that while its losses narrowed in the six months to end-March, its long-term survival remained uncertain.
The household-goods retailer group, which is now up to date with its financial reporting having recently published statements for 2017 and 2018, said its losses reduced to €571m (R9bn) in the first half of financial year 2019, from €609m a year before...
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