Views Article – Sharenet Wealth

Africa, News

ARB Says Trading To Remain Constrained In Forthcoming Months, To Review Operations

July 1 (Reuters) – Arb Holdings Ltd:

* CLEAR THAT ARB’S TRADING WILL REMAIN CONSTRAINED IN FORTHCOMING MONTHS, WHILE LOCKDOWN REGULATIONS ARE SLOWLY LIFTED

* TOO EARLY TO ESTIMATE FULL IMPACT ON GROUP’S OPERATIONS AND FINANCIAL RESULTS FOR YEAR ENDED 30 JUNE 2020

* GROUP HAS EMBARKED ON A REVIEW OF ALL OPERATIONS

* UNDER-PERFORMING BRANCHES AND BUSINESS UNITS ARE BEING RESTRUCTURED

* IN JUNE WE SAW REVENUES IMPROVE, AS MORE OF ECONOMY OPENED UP EVEN THOUGH WE REMAINED ON A LIMITED TIME AND SHIFT BASIS

* EMBARKED ON A S189A PROCESS WITH EMPLOYEES IN BOTH LIGHTING AND ELECTRICAL DIVISIONS Source text for Eikon: Further company coverage:


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