Grindrod is guiding for a negative result in 2015 as it faced “unprecedented” decline in its dry bulk business.
The South African owner is expecting its loss to run to between ZAR 350m ($22.7m) and ZAR 500m for the 12 months to December.
Grindrod had posted a solid profit of ZAR 1bn in 2014 but it will recognise an impairment charge of $100m in its annual report next Thursday.
The
