After the business reported a profit for the year of ZW$ 1.45 billion in historical terms, sugar processor Star Africa Corporation says it will withhold dividend to its shareholders for the year ended March 2022 and save cash for an expensive plant and equipment maintenance
ZSE-listed-sugar processor, Star Africa Corporation managed to sustain profitability in the full year ended 31 March 2020 after posting a profit after tax of ZWL$ 55 million (inflation adjusted), a decrease from ZWL$ 68 million achieved last year. The slump in profits was a result of
Zimbabwe Stock Exchange listed company, Starafrica Corporation Limited has recorded a 47% increase in turn over amounting to $48.1 million compared to $32.6 million recorded in the prior year. According to the group Chairman, Joseph Mutizwa, Earnings Before Interest Tax Depreciation and Armotisation almost doubled the amount
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