JSE-listed Barloworld reported a 7% year-on-year decrease in profits to R41.9-billion for the one year finished September 30. Barloworld team chief executive officer Dominic Sewela stated at its monetary year-end results discussion on November 25 that this decrease was largely driven by restrained trading arise from the team’s Tools Southern Africa organization, which was down 12.7% from the previous year, in addition to a year-on-year decrease in task from its Russian Vostochnaya Technica (VT) organization.
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