Almot Maqolo, Staff Writer 
12
BRICKMAKER Willdale expects to pocket US$16,6 million before costs from the sale of unutilized pieces of land with proceeds to be channelled towards increasing capacity and subsequently profitability.
Advertisements
This follows approval from shareholders at an ex traordinary general meeting held this week to allow for the proposed resolutions to unlock value from unused pieces of land. The brickmaker intends to purchase a new US$3 million machine that is all-weather friendly.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased
