Consumer electronics group Nu-World Holdings says it will continue its strategy of pursuing growth offshore, as the Covid-19 pandemic puts even more pressure on the disposable income of SA’s embattled consumers.
Headline earnings is a widely used profit measure in SA, stripping out exceptional items to give a better indication of the underlying performance of a business. The group said its strategy of internationalisation will continue. Its SA operations contributed 47.9% of operating profit in the six months to end-February, from 63% in the prior comparative period.
Source: Financial Digest (financialdigest.net)
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