Metair goes from profit to loss in 2022

The automotive-components manufacturer and battery-maker battled several challenges, including last year’s devastating floods in KwaZulu-Natal

Automotive-components manufacturer and battery-maker Metair had a torrid year in 2022 as it went from a profit to a loss, because of multiple challenges, such as the floods in KwaZulu-Natal, global supply chain disruptions and raw material shortages.

The profit of the company, valued at R4.46bn on the JSE, cratered from a profit of R692.8m to a loss of R3.9m in its year to end-December...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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