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Home » Turnall optimistic of return to profitability
Companies & Markets

Turnall optimistic of return to profitability

written by Mishma Chakanyuka, Staff Writer 0 comments
The group posted a US$2,30 million sales revenue which was a 11 percent decline compared to the same period last year of USD 2,60 million.
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TURNALL Holdings (Turnall) expects the ongoing retooling exercise at its factories and cost-containment initiatives to spring the business back to profitability in the near term.The Zimbabwe Stock Exchange (ZSE)-listed fibre cement roofing material maker has been struggling for competitiveness due to aging machinery.The group has a new sheeting plant in Harare expected to increase production…

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