Padenga FY profit up 23pct

HARARE, March 27 (The Source) – Padenga Holdings on Monday reported a 23 percent  increase in after tax profit to  $8,9 million on the back of increased revenue. Revenue increased by 13,75  percent from $27,5 million in the preceding year to $31,3 million. Operating profit… Read More

Ecobank after-tax profit up 91pct

HARARE, March 23 (The Source) – Ecobank Zimbabwe reported a 91 percent  increase in after-tax profit to $9,9 million in the full year to December on the back of increased net interest income and operational efficiency. “Net interest income grew by 10 percent on the… Read More

POSB after tax-profit up 22pct

HARARE, March 23 (The Source) – People’s Own Savings Bank (POSB) reported a 22 percent  increase in after-tax profit to $9,68 million in the full year to December on increased revenue and cost containment measures. Net interest income increased by 28 percent from $9,5 million… Read More

Meikles’ mining JV collapses

HARARE, March 22 (The Source) – Meikles Limited’s foray into mining faces uncertainty following the withdrawal of its foreign joint venture partner, Centar Limited. Announcing Meikles’ belated 2016 financials, chairman John Moxon announced that Centar had withdrawn from Zimbabwe. He did not give reasons behind… Read More

Imara to exit Botswana Stock Exchange

BULAWAYO, March 21 (The Source) – Regional asset manager Imara Holdings will delist from the Botswana Stock Exchange with effect from March 31, after BSE approved its application to exist the bourse. The company’s shareholders approved the delisting at an extraordinary general meeting held on… Read More