JSE-listed logistics group Grindrod has managed to generate 10% higher profit year-on-year in the six months ended June 30 at R464-million, as well as 40% more cash from operations at R507-million, but one-off Covid-19 adjustments dragged down its overall financial performance. The company’s basic loss a share narrowed to 44.4c in the reporting six months, compared with a basic loss a share of 75.3c reported for the six months ended June 30, 2019.
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