Hudaco financials ‘severely impacted’ by Covid-19

Branded automotive, industrial and electronic consumable product importer and distributor Hudaco’s financial results for the six months ended May 31, 2020, have been severely impacted by measures to curb the spread of Covid-19. The company announced this in a statement on June 23, despite having reported recently that despite business disruptions as a result of the Covid-19 pandemic, its business “remains in a sound financial position, with payments still being made to its creditors on negotiated terms”.

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