World Markets

South Africa's Imperial earnings fall on COVID-19 costs, restructuring

South Africa's Imperial Logistics Ltd reported a 65% fall in full-year earnings on Tuesday, largely due to the impact of COVID-19 on revenue, associated once-off costs and impairments and further restructuring at home.

JOHANNESBURG, Aug 25 (Reuters) - South Africa's Imperial Logistics Ltd IPLJ.J reported a 65% fall in full-year earnings on Tuesday, largely due to the impact of COVID-19 on revenue, associated once-off costs and impairments and further restructuring at home.

The ground freight firm, which also has operations in Europe, reported continuing headline earnings per share (HEPS) of 156 cents for the year ended June 30, compared with a restated 448 cents in the previous year.

(Reporting by Nqobile Dludla; Editing by Christian Schmollinger)

((nqobile.dludla@thomsonreuters.com; +27115952816; Reuters Messaging: nqobile.dludla.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More