HARARE, July 20 (The Source) – Beverage giant Delta Corporation on Thursday reported a two percent increase in revenue for the first quarter to June 30 relative to the comparable period last year driven by volume growth in most segments.
HARARE, July 7 (The Source) – Plastics manufacturer Proplastics says it has received board approval to construct a new $5 million factory with work expected to commence in the third quarter upon getting regulatory approvals.
BULAWAYO, July 6 (The Source) – General Beltings Limited, Zimbabwe’s sole manufacturer of conveyor belts says capacity utilisation has risen to 40 percent but business remains constrained due to an influx of imports despite a government ban on imports.
MUTARE, July 5 (The Source) – Mutare Bottling Company (MBC) has suspended a distribution agreement with Schweppes Zimbabwe saying the deal was not favourable.
MUTARE, July 4 (The Source) – Mutare Bottling Company (MBC) says its revenue declined by 20 percent while sales volumes slumped by 17 percent in the period between 2014 and 2016, as cheap imports from Mozambique flooded the eastern region, its catchment area. MBC, which… Read More
HARARE, June 30 (The Source) – Starafrica Corporation posted a 75 growth in revenue to $32,6 million for the year ended March 31, driven by improved production at its Goldstar Sugars Harare (GSSH) and profitability at Country Choice Foods (CFC).The company recorded positive earnings before… Read More
HARARE, June 28 (The Source) – General Beltings Holdings says a 38 percent reduction in prices resulted in the company remaining in a loss position in the first six months of the year, but it anticipates a second half recovery supported by new partnerships.
KWEKWE, June 13 (The Source) – The newly constructed Livetouch Cement manufacturing plant in Redcliff near Kwekwe has began production, but on a low scale, the chief executive has said. “We have started producing cement but its demand based. We are still testing the market… Read More
HARARE, June 8 (The Source) – Hippo Valley Estates, the local unit of South African sugar processor Tongaat Hulett, on Thursday reported a net income of $7,7 million for the full-year to March 31 from a loss of $6,5 million previously, driven by increased revenue… Read More
HARARE, June 2 (The Source) – Electrical goods manufacturer and retailer, Powerspeed’s net income for the interim period to March more than doubled to $580,673 from $161,595 recorded in the comparable period last year on increased revenue and cost containment measures. Turnover was up 13… Read More
HARARE, June 1 (The Source) – Art Corporation’s after tax profit for the six months to March 31, 2017 increased 41 percent to $1.3 million compared to $892,000 same period in prior year, largely driven by improved performance across its business units. Group revenue was… Read More
HARARE, May 24 (The Source) – Zimbabwe’s largest milk processor , Dairibord on Wednesday said revenue for the first four months to April 30 was two percent below comparable period last year, due to incessant rains and system migration challenges faced during the group consolidation… Read More
BULAWAYO, May 23 (The Source) – Textile firm Merlin’s judicial manager is still hopeful an investor to rescue the company will be found before the company’s June 30 liquidation deadline. Merlin, one of Zimbabwe’s oldest textile firms, was placed under provisional administration in 2011, mirroring… Read More
HARARE, May 23 (The Source) – Plastic products manufacturer, Proplastics on Tuesday said turnover for the first four months to April 30 was 9 percent below comparable period last year, with sales falling by 13 percent over the prior period. The decline in sales volumes… Read More
HARARE, May 18 (The Source) – Cable manufacturer CAFCA has reported a 41 percent increase in profit before tax to $327,000 for the six months to March, largely as a result of reducing costs and savings on interest from borrowings. Revenue remained flat at $9,3… Read More