Reunert operating profit slides on weak SOEs and infrastructure project cuts
Loss on the sale of Swedish unit Prodoc Svenska and policy changes in Zambia that have affected its subsidiary Zamefa also hit electronics group
10 November 2019 - 19:12
A decrease in electrical infrastructure development and weak financial position of state-owned enterprises (SOEs), dragged down electronics group Reunert’s performance in the year to September resulting in a decrease in operating profit, the group said on Friday.
The group expects core operating profit to decline 4%-8%. ..
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