Caxton earnings down on asset sales and publishing slowdown
Caxton recently entered the coffee cup market as it looks for new products, further boosting its packaging business
08 March 2024 - 12:02
Printing and publishing group Caxton saw a decline in interim revenue, driven by losses from asset sales, reductions in publishing and a slowdown in its packaging operation.
Revenues declined 3.3% to R3.69bn in the six months ended December, the group said on Friday. This decline included the effect of the sale and closure of a subsidiary, accounting for R163.7m of the reduction. Excluding this, the company said revenue would have shown a slight increase of R36.2m...
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