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PG faces collapse as losses widen

HARARE – Distressed PG Industries (PG)’s losses widened to $11,3 million in the year to December 2013 from $7,9 million incurred prior year, casting doubt on the group’s going concern status. During the period, the building materials manufacturer and distributor’s current liabilities exceeded current assets by $15,3 million compared to $6,8 million in 2012. Revenue…

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