Describing 2020 as “a year of great trauma and hardship for people the world over”, branded automotive, industrial and electronic consumable product importer and distributor Hudaco’s headline earnings a share for the 2020 financial year, ended November 30, were down by 22.5% to R10.50, while comparable earnings a share were down 35.5% year-on-year to R8. However, R908-million in cash was generated from operations and borrowings declined by R365-million over the year. Turnover was, overall, down by 6.7% to R6.3-billion while operating profits decreased by 27.2% to R510-million.
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