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Home » Liquidity constraints choke ART operations
Companies & Markets

Liquidity constraints choke ART operations

written by Mishma Chakanyuka, Staff Writer 0 comments
 “The relative exchange rate stability and improved power availability towards the end of the period enabled stocking and improvement in product availability in the battery segment,” the group said in its first quarter trading update.
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THE tight monetary stance taken by the Reserve Bank of Zimbabwe (RBZ) has adversely impacted battery and stationary maker Amalgamated Regional Trading (ART)’s operations resulting in a 11 percent decline in revenue for the first quarter ended on December 31,2024, the group has announced. The Zimbabwe Stock Exchange (ZSE)-listed concern also saw its sales volumes…

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