Listed cables manufacturer
CAFCA's primary market is Southern and
On a prior comparable period basis, exports for the nine months period under review increased by 45 percent from 143 tonnes.
In terms of overall conductor volumes sold during the third quarter to
However, management is optimistic that volumes will pick up in the fourth quarter to at least match prior-year levels.
"Despite local volumes being 27 percent below the same quarter last year mainly due to the original Covid-19 lockdown, we are still confident that by year-end our volumes will be in line with the previous year," said CAFCA in its latest trading update.
"To ensure local and export sales requirements are met and also as a hedge against hyperinflation CAFCA is increasing finished goods stock levels, which are now currently at 806 tonnes against a monthly sales model of 140 tonnes."
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