Logistics and transport group OneLogix has reported a 46 per cent drop in headline earnings. The company has not declared a dividend, after reporting a profit decline for the first time in 11 years. And this is due to the uncertain economic environment created by COVID-19. OneLogix CEO, Ian Lourens joins CNBC Africa for more.
Specialised logistics group, Onelogix has experienced a difficult trading environment with the company's profit for its six months to end-November falling by almost a fifth. CNBC spoke to CEO, Ian Lourens to discuss the difficult challenges the company faced in 2019 and how to address in the New Year.
Logistics provider OneLogix is still on track to maintain its profit growth streak. Revenue is up 19 per cent to R2.740 billion. HEPS are also up to 37.3 cents per share. The gains made in the first half of the year helped to cushion against tougher conditions for the second half. OneLogix CEO, Ian Lourens joins CNBC Africa for more.
Onelogix is one the gainers board today after reporting a 24 per cent jump in headline earnings per share. Revenue advanced 26 per cent in the six month period as the company thrived in a weak macro environment. CNBC Africa’s Kopano Gumbi spoke to Ian Lourels, CEO, Onelogix.