Construction sector’s severely delinquent debts climbed to 27% in Q4

They were the worst debtors for the quarter.

The percentage of the construction sector’s severely delinquent debts registered climbed to 27% in Q4 2014 from 18% in the same period in 2013, the DP SME Commercial Credit Bureau revealed today.

According to the bureau’s Days Turned Cash National Average (DTC) report, severely delinquent debts are those which are overdue by over 90 days.

The construction sector also took longer to pay off its debts in the fourth quarter, from 45 days in the end of 2013 to just 32 days toward the end of 2014.

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