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Grindrod warning of sharp earnings drop
According to a Times Live report, shipping and logistics company Grindrod has warned shareholders that its earnings per share are likely to be down by between 35% and 45% for the 12-month period ending on 31 December.
Times Live reports that Grindrod has issued a cautionary statement saying that it has entered negotiations with an unnamed party that could have a material effect on the company's share price. The company is due to release its results at the end of February.
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