Hudaco reports solid interim trading performance, but port inefficiencies a concern

Automotive, industrial and electrical consumable products supplier Hudaco has posted an operating profit of R357-million for the six months ended May 31, which is a notable 351% growth compared with the operating profit posted for the six months ended May 31, 2020. The company has advised shareholders that, as a result of the impact of Covid-19 in 2020, that it would be more useful to compare the six months under review to the performance achieved in the six months ended May 31, 2019.

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