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See the financials for 31/03/2015. The losses are unbearable.
I thought this company will re-cooperate quickly after the drastic measure that were taken. No way.
This company is doomed and anyone having large quantities should sell ASAP.
The real situation is this:
85 employees were sent on VRS which cost 77 mio.
Trade debtors have increased by 9 mio.
Inventories increased by 42 mi,o.
They are selling the products at almost cost.
Gross Profit less than 10%
Interest paid 129 mio.
I think the Morale and leadership is poor and they need a better team!
I thought this company will re-cooperate quickly after the drastic measure that were taken. No way.
This company is doomed and anyone having large quantities should sell ASAP.
The real situation is this:
85 employees were sent on VRS which cost 77 mio.
Trade debtors have increased by 9 mio.
Inventories increased by 42 mi,o.
They are selling the products at almost cost.
Gross Profit less than 10%
Interest paid 129 mio.
I think the Morale and leadership is poor and they need a better team!
