Gearing increased above the group’s targeted net debt/ebitda ratio of 1.5 times and the board opted not to declare an interim dividend
Specialist security barrier manufacturer Trellidor says its bid to repay ballooning debt will see it deepen its diversification drive through expanded product offerings into commercial and industrial spaces in SA.
This comes as the R276m JSE-listed firm said cash-strapped households were increasingly prioritising strategies to alleviate intensifying load-shedding and water disruptions over security upgrades during the half-year to December...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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