South Africa: Amap Makes Loss As Consumers Cut Back

Johannesburg — CONSUMER durables group Amalgamated Appliance Holdings (Amap) on Monday reported revenue down a third as consumers reined in spending, especially on durable items.

Amap said revenue was 33% lower, at R612m, in the six months to December. The loss per share was 23,6c, or 250% worse than the first half of last year .

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