MiX Telematics optimistic about earning prospects
The vehicle-tracking company reported a marginal 1.5% decrease in subscription revenue for the full-year to end-March
27 May 2021 - 17:50
The fleet management and vehicle-tracking company MiX Telematics, which operates in about 120 countries, says it hopes to return to growth in the current financial year after being able to weather a challenging 2020/2021.
Due to Covid-19 restrictions, particularly in the harder parts of SA’s lockdown, car dealerships were prohibited from operating. As a result, the company’s revenues took an initial hit, with some customers discontinuing their contracts as cars were not operational. ..
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