Jasco losses narrow after layoffs and sales of non-performing businesses
Technology group took a R163m revenue hit from the pandemic and has breached loan covenants
30 March 2021 - 20:26
Technology group Jasco Electronics says it has narrowed losses in the six months to end-December 2020 after cutting costs by retrenching staff and selling non-performing businesses.
Jasco, which has interests that include providing transmission and operational support systems for telecoms networks across Southern Africa, took a R163m revenue hit from the pandemic towards the end of its financial year and has breached its loan covenants...
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