Pesa Nane wrote:Quote:Commentary:-Contracted business grew by 11% buoyed by regional electrification projects and the Group's strategic focus to utilize installed capacity in our plant.
-Non-contracted business segment experienced a
30% drop in revenues hampered greatly by continued constraints in accessing working capital lines....access to finance was affected by reduced lending appetite following the
introduction of rate caps.
I do not understand how such a company could be making losses when:-
1.The rural electrification program is working in their favour.
2.Sioni competition kali in this sector.
Fundamentals here look strong.Management should be the biggest problem.ama?