Tag: imperial logistics
Imperial Logistics reported a 65 per cent fall in full-year earnings mainly due to the impact of COVID-19 on revenue, impairments and it’s restructuring in South Africa; the group has also opted to hold onto its dividend as sales volumes declined across all regions. Imperial Logistics CEO, Mohammed Akoojee joins CNBC Africa for more.
Imperial Logistics Ltd had a tough year, after a 7 per cent fall in full-year earnings. The ground freight firm incurred write-down costs from exiting its consumer packaged-goods business at home. Continuing headline earnings per share are also down 542 cents for the year end-June. Imperial has attributed a drop in profits to one-off trading costs of in local and international operations. Joining CNBC Africa for more Mohammed Akoojee, CEO, Imperial Logistics.