Denel moves into the black
The last time the state-owned arms manufacturer made a profit was in 2016/17
14 June 2023 - 13:50
State-owned arms manufacturer Denel, which has not produced a profit since 2016/17, generated earnings before interest and tax of R390m in the year to end-March 2023.
In the previous year, the group made a loss of R747m...
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