Mazor swings into an interim loss exceeding its market value
The building supplies group saw a first-half loss of R24m to end-August as Covid-19 battered the construction sector
30 October 2020 - 14:04
Buildings materials group Mazor has suffered a first-half loss exceeding its R19m market capitalisation, and is expecting further pain as SA’s construction sector reels in the wake of the Covid-19 pandemic.
Covid-19 brought construction to a halt during parts of the group’s half-year, while the company is unsure about new projects as there has been significant liquidations within the industry from professional engineers to developers and construction companies...
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