Turnall Managing Director, Mr Caleb Musodza, presenting the company's results at an analyst briefing

The 3 Year Strategic Turnaround Plan put in place by Management is on course to achieve the intended objectives. The effects of the reduction in the cost of the main raw material mentioned above will only be felt in the second half of the year due to logistical considerations. The Group has managed to build a firm exports order book which should be realised in the second half. The Group also has pipes orders from private sector companies, which once funding is availed, will boost the pipe plant capacity utilisation. Management will continue with the focus on working capital management and cost control. The Board remains confident that these plans will deliver profitability for 2015 and beyond.

HY 2015 financial results

HY 2015 financial results presentation