During the same period last year,
"Stationary volumes, however, are ahead of prior year by 18 percent, coming off a low base in the prior year," said Mr Mukarakate.
He was optimistic of a recovery in the second half of the year, underpinned by an anticipated increase in battery demand in winter.
He added that the group had also made progress on recapitalising the business, with the company spending
"Delivery and commissioning of the equipment is expected later in the year with full benefits to be realised in 2015," he said.
Mr Mukarakate said there were plans to restructure the group's balance sheet and loans.
ART owns a number of businesses in
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