Car & General posts Sh273 million loss on forex, storage costs

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Equipment on sale at a Car & General shop. 

Photo credit: File Photo | Pool

Car & General (C&G) made a net loss of Sh273.6 million in the 15 months ended December 2023, reversing a net income of Sh679.4 million in the 12 months to September 2022.

The latest results, which come after the company changed its financial year to end of December, showed the impact of foreign exchange losses and demurrage costs.

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Note: The results are not exact but very close to the actual.