Etion widens losses

JSE-listed Etion has reported a significant widening of its loss after tax for the year ended March 31, on the back of economic weakness, one-off restructuring costs and write-offs and impairments. The group posted a 1 237% plunge in loss after tax, from a loss of R2.7-million in the prior year to a loss of R37.1-million in the year under review.

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