A statement signed by the company's CEO,
'The decrease in net debt has significantly strengthened our balance sheet and has placed us in vantage position to face the future', Dokani said
He hinted that as the coronavirus pandemic rages in the country, the company had launched an action plan Health, Cost and Cash and will continue to focus on the implementation of cost optimization initiative during this period to minimise the impact on the business.
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HOW OVER 5000 NIGERIA MEN HAVE PERMANENTLY OVERCOME TERRIBLE BEDROOM PERFORMANCE DUE TO THIS RECENT DISCOVERY BY MEDICAL CONSULTANTS
'The Nigerian cement industry growth momentum is expected to slow down in 2020 financial year compared to 2019 on the back of the COVID 19 pandemic and the challenging global macroeconomic environment', he projected.
However, the industrialist said the construction industry remained resilient than other sectors and that his company has a strengthened balance sheet and is well equipped to weather the storm.
© Pakistan Press International, source