The financial performance of privatized enterprises in Sudan: an empirical study on telecommunications and mining sectors

bibliographic database
Line

Periodical article

Title:	The financial performance of privatized enterprises in Sudan: an empirical study on telecommunications and mining sectors
Authors:	Zaroug, Osman Magli, O.A. El
Year:	2009
Periodical:	African Administrative Studies (ISSN 0007-9588)
Issue:	73
Pages:	57-74
Language:	English
Geographic term:	Sudan
Subjects:	privatization telecommunications industry mining companies
Abstract:	This paper investigates the impact of privatization on the financial performance of privatized enterprises in telecommunications (Sudatel Company) and mining (Advanced Mining Group) sectors in Sudan. The results confirm that privatization has led to a substantial improvement in the financial performance of Sudatel Company, as revealed by the remarkable increase in profitability, output, operating efficiency, capital investment spending and dividend payments, as well as a significant decline in leverage. As for the mining sector (Advanced Mining Group), the results show a less remarkable improvement in financial performance, i.e. the privatization has led to limited improvement in the financial performance of the company. There is insubstantial increase in profitability, operating efficiency, and capital investment spending and remarkable increase in output and dividend payment as well as insubstantial decline in leverage. To rectify the situation, particularly in the mining sector, the paper makes some recommendations. Bibliogr., notes, sum. [Journal abstract, edited]