Super Group warns of fall in profit as sales stall

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South Africa Headlines News

Lockdowns weigh on the transport and logistics company’s business operations

Shares in transport and logistics company Super Group had their steepest fall in a week after the company said full-year profits would decline with its business operations hit by the coronavirus lockdowns.

The group experienced partial lockdowns in Australia, Germany, Spain and the UK, saying that the impact on the group’s trading “has been inherently negative”. HEPS is a widely used profit measure in SA that strips out one-off items to give a better indication of the underlying performance of a business.

Source: News Formal (newsformal.com)

 

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