Novus Holdings reports profit slump amid Covid-19

United States News News

Novus Holdings reports profit slump amid Covid-19
United States Latest News,United States Headlines
  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

The print and manufacturing group is preparing to cut staff as it braces for further fallout from the pandemic

Printing and manufacturing group Novus is bracing for a tough 2021 after Covid-19 dealt a blow to SA’s already weak publishing sector.

“The Covid-19 pandemic struck in March 2020, causing some initial concern over potential impact, but when other countries and, especially SA, embarked on a lockdown the realities became obvious,” the group said. The group produces educational materials for governments and multinational publishers. Beyond traditional printing, Novus has a packaging division that offers wet-glue and wrap-around labels, pressure-sensitive labels and flexible plastic packaging.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BDliveSA /  🏆 12. in ZA

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MTN Nigeria reports profit hit from Covid-19Demand for voice services fell and the pandemic slowed the rollout of additional coverage
Read more »

JSE faces subdued Asian markets on FridayThe US GDP slump and rising Covid-19 cases is weighing on sentiment, although US tech giants have released upbeat earnings reports
Read more »

Climbing season gets going as Nepal reopens Everest and other peaksThe decision comes despite more than 1,000 new Covid-19 infections reported this week in Nepal
Read more »

COVID-19: More than 3 million Chileans seek to withdraw pensions amid pandemicCOVID-19: More than 3 million Chileans seek to withdraw pensions amid pandemicSANTIAGO, July 30 (Reuters) - More than 3 million Chileans on Thursday asked to withdraw a portion of their pension funds as a controversial law took effect allowing citizens to tap into retirement savings to buffer the economic impacts of the coronavirus.
Read more »

PPE GRAFT PROBE: Gauteng Health MEC Bandile Masuku on leave amid Covid-19 corruption allegationsPPE GRAFT PROBE: Gauteng Health MEC Bandile Masuku on leave amid Covid-19 corruption allegationsA disappointed and despondent David Makhura, Gauteng Premier, announced on Thursday 30 July that Health MEC Bandile Masuku would have to take a leave of absence for a month following corruption claims that have struck the Gauteng Health Department.
Read more »

WATCH: How is the franchise sector coping amid Covid-19?Michael Avery talks to a panel about the effects of Covid-19 on the franchise sector
Read more »



Render Time: 2025-03-03 15:08:37