Etion’s loss widens as it adapts to weaker economic conditions
The specialist technology group moved to write down businesses and retrench staff in its year to end-March
13 August 2020 - 10:29
Diversified digital technology group Etion's loss widened in its year to end-March, as it moved to adapt its business to changing market conditions.
The group saw R64m in one-off costs in the period, which exceeds its market capitalisation, as it wrote down inventory and retrenched staff amid a reorganisation of its businesses...
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