TSL revenue soars

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TSL Limited are seeking authority to use the company’s available cash resources.

TSL says its revenue grew by 72 percent and 69 percent in inflation adjusted and historical terms respectively for the quarter ended January 31, 2022.

In a trading update released Friday, the company said its revenues during the period were mainly from supply of agro-inputs, provision of logistics services and real estate services primarily to the agriculture industry.

“Preservation of shareholder value continues to be a key priority. The Group started executing strategic initiatives which will be partly funded from borrowings. Gearing for the quarter remained low with satisfactory interest cover,” TSL said.

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