newfarer wrote:sema financial haemorrhage!!
they only have 4.5 millions in cash and cash equivalentsvs 11billion last year. hiyo si nI petty cash ya mdosi mmoja. how will they pay their debts.
what a nasty legacy by naikuni.
Actually the figure is 4.5B (figures in millions).
But even with that the worrying bit is negative operating cashflows which were only mitigated by higher borrowings. Finance costs will ground them.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.