Companies hoard cash amid economic uncertainties

Companies have focused on cash preservation amid growing economic uncertainty. PHOTO | SHUTTERSTOCK

Companies have focused on cash preservation amid growing economic uncertainty characterised by weaker earnings and rising costs, among other headwinds.

Recent interim and full-year results published by listed companies have shown the increased conservatism that has seen most of the publicly traded firms defer, skip or slash dividends.

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