Reunert first-half earnings plunge

JSE-listed Reunert reported a double-digit decline in earnings as its Electrical Engineering segment’s underperformance overshadowed the growth of its other units during the six months ended March 31. The group posted a 186% contraction during the six months under review, plunging its operating profit of R377-million in the comparative period last year into the red with a loss of R326-million.

from Engineering News | Home https://ift.tt/2Bj9WRy