01-07-2016 09:28 via news.yahoo.com

South Africa's Hudaco reports H1 profit fall on slower economy

JOHANNESBURG (Reuters) - South Africa's Hudaco Industries Ltd reported a 13.9 percent fall in half-year basic and headline earnings per share on Friday hurt by weak domestic economic growth and lower commodity prices. An importer and distributor of automotive, industrial and electrical consumable products, said basic and headline Earnings Per Share declined to 472 cents for the six months to March 31. Headline EPS is the main profit measure in South Africa and strips our certain one-off items. S
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