Metair prepares for further volatile market conditions with the sale of its Türkiye battery subsidiary
By Edward West | Published Sep 27, 2024
Metair’s share price fell 4% to R13. 68 yesterday after it reported a headline loss per share of 3 cents versus a 41 cents per share profit in the same period a year before. However, in the difficult environment, the group did manage to address strategy relating to a recovery at Hesto Harnesses, debt levels in South Africa and the sale of Mutlu.