Value Group slips amid weak economic growth

October 19, 2017

Business Live / 19 OCTOBER 2017 - 07:06 / HANNA ZIADY

 

Supply chain and logistics company Value Group says weak economic growth has hurt first-half revenue.

 

Revenue increased 2% to R1.2bn for the six months to August, while gross profit fell 3.7%, to R376.8m, the group said on Wednesday. Excluding once-off black economic empowerment equity transaction costs, normalised headline earnings per share were up 24%, to 17.8c

Picture: ISTOCK

 

A challenging economy had prompted an "on