R1.4BN IMPAIRMENT
Imperial’s packaged goods unit the latest casualty of SA’s weak economy
The news sends its share price down 5.12% to R57.10, its biggest one day loss in more than six months
04 June 2019 - 05:10
Imperial Logistics, one of SA’s biggest transport services companies, said on Monday that it intended to write down the value of its consumer packaged goods unit in SA by as much as R1.4bn as the poor state of the economy takes its toll on the unprofitable business.
The news caused its share price to slump 5.12% to R57.10, its biggest one day loss in more than six months...
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