AMALGAMATED Regional Trading (ART) Corporation says it is banking on reduced debt levels to accelerate investment in higher-margin businesses whilst reducing exposure to declining market segments.
The ZSE-listed group also with presence in Zambia, Malawi and South Africa is currently restructuring its operations with focus on de-leveraging, reducing currency risk and improving cash generation.
It said it has managed to reduce debt after bouncing back to profitability following the successful disposal of some of its under-utilized properties.