Saturday, April 17African Business News
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Tag: Amaechi Egbo

COVID-19 crisis shrinks Q3 scorecards of firms in household sector

COVID-19 crisis shrinks Q3 scorecards of firms in household sector

Capital Market, Economy
The devastating effect of the COVID-19 on income, savings and consumption, have impacted the nine months performance of companies under the household/personal industry. Indeed the sector, like its peers is faced with various challenges ranging from tight consumer spending poor infrastructure, rising inflation, trade and FX restrictions, porous land borders. The above factors have been listed as the major ills militating against the growth of the industry, just as the sector has witnessed a sustained sliding profile in the last few years, exacerbated by the ongoing coronavirus pandemic. The COVID-19 crisis has disrupted operations in different sectors of the economy with their trade segments, leading to a fall in demand, sales volume, revenue and underlying profits of these players...