Imperial Logistics results
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Imperial Logistics reported a 65% fall in full-year earnings, 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 handled fewer containers in the second half of its financial year due to lockdown restrictions in various countries.
April was the worst affected, with South Africa trading at about 55% of normal volumes, 70% in African regions and Europe traded at about 50%, it said.Michael Avery spoke to CEO Mohamed Akoojee, about his outlook for the year ahead as most markets exit lockdown.
April was the worst affected, with South Africa trading at about 55% of normal volumes, 70% in African regions and Europe traded at about 50%, it said.Michael Avery spoke to CEO Mohamed Akoojee, about his outlook for the year ahead as most markets exit lockdown.
