Grindrod swings back into profit

PUBLISHED: Fri, 31 Aug 2018 10:56:20 GMT

Grindrod reported its revenue from continuing operations grew 4.6 per cent to R1.5 billion. Separation from its shipping business helped Grindrod return to an interim profit of R2.4 billion from the R1.1 billion loss the combined group reported for the first half of its 2017 financial year. CNBC Africa is joined by Mike Hankinson, Grindrod Chairman with a breakdown of their company results and the group’s outlook.

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