(Reuters) - South African defence firm Denel cut its net loss for the year to March to 549 million rand from a loss of 1.36 billion rand in the previous year, and lifted turnover through new contracts, it said on Wednesday.
The troubled state-owned artillery, infantry and guided weapons manufacturer, which has received billions of rands in state assistance over the past three years, recorded a 17.8 percent rise in turnover to 3.27 billion rand.
Read more at Reuters Africa
The troubled state-owned artillery, infantry and guided weapons manufacturer, which has received billions of rands in state assistance over the past three years, recorded a 17.8 percent rise in turnover to 3.27 billion rand.
Read more at Reuters Africa
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