Business
The People Infrastructure Ltd (ASX:PPE) share price is up 250% since March // Motley Fool Australia
ASX workforce management and staffing solutions company People Infrastructure Ltd (ASX:PPE) has faced plenty of challenges this year.
With the onset of national coronavirus lockdowns back in March and April, it looked like People Infrastructure’s business model would come under severe pressure. Reduced staffing needs across multiple sectors, particularly the hospitality industry, meant revenues were drying up. As you might expect, its share price plummeted, from a mid-February high of around $4 all the way down to just $0.90 by late March.
Things weren’t looking good.
But in the months since the company has been able to turn its fortunes around. With a diversified customer base serving many large-scale corporations, People…
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