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Business
Retreads Spur National Tyres profits
Zimbabwe's largest tyre and tube retailer, National Tyre Services Limited posted a 548% profit before tax after reporting US$329,166 for half year period ending 30 September 2017 compared to US$73,503 recorded in the same period last year…
Foreign Currency Shortage Hits Day old chickens Imports
Zimbabwe Stock Exchange listed company, Innscor Africa Limited operations, says the volumes of processed chicken has normalised, but constant supply might be hampered by the acute foreign currency shortages in the country.
Zimbabwe,…
Simbisa Brands Limited Revenue 8pc Up
Zimbabwe Stock Exchange listed company Simbisa Brands Limited revenue for the year ended June 2017 increased by 8% to $158.9 million compared to $146.6 million recorded in 2016 and this was driven by organic growth in Zimbabwe and Kenya and…
Metallon Corporation Dispose Acturus Mine
Zimbabwe gold mining, development and exploration company Metallon Corporation has announced the sale of Arcturus Mine to TN Securities (Pvt) Ltd to prioritize their investments, focus resources and reduce costs
In a statement by the group…
Star Africa Corporation Limited Turnover 63pc Up
Zimbabwe leading sugar producer, Star Africa Corporation achieved a 63% increase in turnover after recording $23.2 million in its half year results ending 30 September 2017 on the back of continued optimisation of post upgrade efficiencies,…
Social Unrest Impacts on Truworths
Social unrest coupled with an uncertain economic environment following the introduction of bond notes have negatively impacted on Truworths Limited sales.
In the period ending July 2017, Truworths Limited recorded a 28.8% lower than the…
GetBucks Posts $3.6 million Profit
GetBucks Microfinance Bank recorded a profit after tax of $3.6 million for the year ended 30 June 2017, an increase from $3 million last year.
According to the Group Managing Director, Mercy Murevesi, the increased profit was a result of…
Axia Corporation Revenue 26% Up
Zimbabwe Stock Exchange listed company, Axia Corporation Limited recorded a total revenue of US$248.262 million and an operating profit of US$22.908 million for the year ended 30 June 2017 representing 26 percent growth compared to the same…
NamPak Records $96.8 Million Sales
NamPak Zimbabwe Limited sales for the year ended 30 September 2017 amounted to $96,3 million as compared to $95,2 million recorded in 2016 due to the company's cost containment and tight controls over working capital.
According to Group…
Seed Co Revenue 45% Up
Local seed producer, Seed Co limited turnover for the year ended September 2017 has increased by 45% to $36,1 million due to early maize seed sales and improved winter cereal seed sales.
According to the Group Secretary, John Matorofa,…
