Imperial Logistics expects lower earnings as it impairs SA assets
The company says that the state of SA’s economy and rising competition has led it to intensify efforts to restructure and rationalise its operations
03 June 2019 - 09:33
Imperial Logistics says earnings will probably fall in the year to end-June as it writes down the value of its consumer packaged goods business in SA by up to R1.4bn.
Imperial said that given the state of SA’s economy and rising competition, it intensified efforts to restructure and rationalise its operations in the country by exiting unprofitable contracts, consolidating operations and properties, and cutting costs...
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