Despite a difficult economic and trading environment, JSE-listed industrial products provider Hudaco remains cash-generative, with operations having generated net cash of R247-million for the six months to May 31. Speaking at a presentation of the group’s results on Friday, CEO Graham Dunford emphasised that the results were reported during a technical recession for South Africa, with the tough trading conditions impacted on by the March 31 Cabinet reshuffle, a volatile rand and credit rating …
Source: www.engineeringnews.co.za
Hudaco maintains resilience amid tough economic environment
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