Legacy issues, poor Q1 affect Rolfes’ H1 earnings

Black-empowered chemical group Rolfes’ financial results for the six months ended December 31 were negatively affected by legacy issues and a poor first quarter, resulting in headline earnings halving to R23.62-million, from R48.23-million in the six months to December 31, 2016. Revenue from continuing operations decreased by 7.8% to R734-million, compared with revenue of R796.4-million generated in the six months to December 2016.