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Delta Beverages revenue decline 9%
Delta Beverages recorded a 9% decline for the fourth quarter and nearly flat for the full year attributable to the slowdown in consumer spending and weak economic activity. The total beverage volum...Published: 10 Apr 2014 at 14:49hrs | 1 | by Business reporter
'Politics drive big spurt in Zimbabwe equity trading,' says Imara
Zimbabwean politics are driving a huge spurt in trading volumes on the Harare stock exchange. The recent election victory of incumbent president Robert Mugabe may have led to a sell-off...Published: 13 Sep 2013 at 09:35hrs | | by Own correspondent
OK Zimbabwe declares a final dividend
OK Zimbabwe board of directors on 7 June 2013 declared a final dividend of 0,40 cents per share payable out of the profits of the company for the year ended 3 I March 2013.The dividend will be...Published: 13 Jun 2013 at 13:31hrs | | by Mafu Sithabile
Afdis reports a strong operating performance
Afdis reported a strong operating performance showing a 22% growth in sales volumes to 3.2m litres. Local production increased by 21% to 1.7 million litres and accounted for 62.9% of total revenue. Gr...Published: 12 Feb 2013 at 08:22hrs | | by Business reporter
Hunyani reports muted performance
Hunyani reported a muted financial year ended 2012 performance as overall group volumes fell by 10% which was attributed to disposal of non-core operations and weak domestic demand. Revenue from conti...Published: 30 Jan 2013 at 09:49hrs | 1 | by Business reporter
Zimbabwe offers great potential as a recovery play - Imara
With low activity still persisting on the market, an improved level of turnover was recorded during the week from US$ 4.9m to US$ 6.6m and thus the daily turnover breached the US$ 1.0m mark. A special...Published: 03 May 2012 at 07:03hrs | | by Imara Stockbrokers
Zimpapers reports a $2.4 million loss
Zimpapers reported a depressed set of results showing an attributable loss of $2.3 million. The poor performance was attributed to high maintenance costs on aged equipment, low capacity utilization a...Published: 02 Apr 2012 at 07:28hrs | | by Ndou Paul
Mashonaland Holdings revenues ahead of budget
The company's AGM was held yesterday, Thursday 23 February 2012, and all resolutions tabled were passed without amendment. In a trading update, management reported that, revenue for Q1 2012 amounted t...Published: 24 Feb 2012 at 08:11hrs | | by Business reporter
Econet divorces with Ecolife as agreement expire
Econet Wireless advises that the agreement between itself and its technical partners, Trustco Mobile (Pty) Limited and First Mutual Life assurance Company (Pvt) Limited has expired. Accordingly Econ...Published: 21 Feb 2012 at 05:06hrs | | by Ndou Paul
Zimbabwe Stock Exchange analysis
The market last week was characterised by worthwhile activity with a record breaking deal of 120.4m Meikles shares executed at US 17.5c pushing Monday's daily turnover to a post-dollarisation record o...Published: 24 Jan 2012 at 08:20hrs | 1 | by Business reporter
Cairns released a dire set of finals for the year to 31 August 2011
Cairns released a dire set of finals for the year to 31 August 2011, as declining sales volumes and high finance costs haemorrhaged the group. Turnover declined 23% to US$18.9 million on the back of t...Published: 06 Jan 2012 at 07:02hrs | | by Nare Msupatsila
Econet reports a robust set of interim results
Econet reported a robust set of financials showing attributable earnings of $74.3 million, up 15% year on year. The solid performance was driven by a 25% year on year subscriber growth, improved net w...Published: 04 Oct 2011 at 06:29hrs | | by Business reporter
Robust performance from Innscor
Innscor posted a strong set of its financial year 2011 results. Attributable earnings grew 74% to $26.1 million in line with our expectations of $25.9 million.Strong ca...Published: 28 Sep 2011 at 13:09hrs | 1 | by Business reporter
Radar reported a depressed set of results
Despite the satisfactory performance by Border Timbers, Radar reported a depressed set of results, due to a myriad of problems at McDonald Bricks and UBM. Turnover at $37.1 million was up 49% against ...Published: 27 Sep 2011 at 09:34hrs | 1 | by Business reporter
Border Timbers release a fair set of final results
A fair set of results from Border in what management say was an impressive performance although sales volumes were not as high as budgeted. Turnover at $21.9 million was up 59% from prior period, wit...Published: 27 Sep 2011 at 09:20hrs | | by Business reporter
Politics in Zimbabwe are not right at the moment: NMBZ chief
An improved set of interims from NMB with the attributable profit moving up to $2.1 million from a prior period loss of $1.7 million. The cost to income ratio improved to 78% from the prior periodāĀ...Published: 31 Aug 2011 at 08:55hrs | | by Nare Msupatsila
Strong set of financials from CBZ Holdings
For H1 2010, CBZ Holdings reported a strong set of financials showing attributable earnings of $13.6 million, up 115% year on year for earnings per share of 2.18 US cents a share. Total income increa...Published: 31 Aug 2011 at 09:27hrs | | by Business reporter
Trust Holdings posts a tepid set of Interim results
Trust Holdings posted a tepid set of interims showing an adjusted loss before tax of $2.9 million. Adjusted cost to income ratio deteriorated to 132% impacted by the re-opening of the banking unit. At...Published: 29 Aug 2011 at 07:43hrs | | by Imara
British American Tobacco release a stellar set of Interim results
For the interim period to 30 June 2011, BAT posted a stellar set of results driven by a 54% growth in domestic sales volume. Exports (cut rag sales) grew 54%. All this translated to a 88% sales growth...Published: 29 Aug 2011 at 07:41hrs | | by Imara
Pearl Properties Limited - Interim Results to 30 June 2011
A satisfactory set of interims from Pearl, as management reported that the company is still in line to achieve a rental income target of $9 million and a targeted yield of 10% for FY 2011, driven by i...Published: 17 Aug 2011 at 08:52hrs | 3 | by .
ABC Holdings released a robust set of interim results
ABCH released a robust set of interim results showing a PBT of BWP 62.6m, up 84% year on year. The successful promotion of cheaper deposits boosted the Group's net interest margin to 10.2%. Ea...Published: 17 Aug 2011 at 08:47hrs | 3 | by .
Zimbabwe Dairibord posted a solid set of interim results
Dairibord posted a solid set of results for the interim period to 30 June 2011, showing a 27% growth in total sales volumes. The volume growth was buoyed by growth in liquid milks (+40%), foods (+42%)...Published: 16 Aug 2011 at 12:40hrs | | by .
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