Picture: BARLOWORLD EQUIPMENT
Picture: BARLOWORLD EQUIPMENT

Barloworld released its annual results on Monday and reported that revenue and operating profit have been hit by a triple whammy.

The group’s loss-making logistics business has been closed, logistics revenue has fallen nearly 13% and the automotive division’s revenue is also down, but it has managed to lift operating profit by 2.3%.

Business Day TV caught up with the company’s CEO, Dominic Sewela, to talk about the group’s performance.

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