MiX Telematics reports profit fall
The group says subscribers grew 9.1% in its year to end-March, but it faced a hefty tax charge on an inter-company loan
28 May 2020 - 14:06
Car tracking company MiX Telematics, which operates in about 120 countries, expects full-year revenue to decline by about a fifth because it was unable to sign up new customers due to the lockdown.
Car dealerships were prohibited from operating during the lockdown aimed at curbing the rapid spread of the coronavirus...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.