HARARE, December 8 (The Source) – National Tyre Service (NTS) reported an after tax profit of $171,499 in the half year to September from a loss of $54,576 last year driven by an increase in revenue.
HARARE, December 6 (The Source) – Innscor Africa says its units had a mixed performance during the first quarter, with revenue falling marginally compared to same period last year, but gross margins were higher.
HARARE, November 30 (The Source) – Sugar processor Star Africa Corporation’s narrowed its loss after tax by 60 percent in the half year period to September 30, from $3,3 million last year to $1,3 million on the back of improved efficiencies, sales and cost containment… Read More
HARARE, November 27 (The Source) – Packaging group Nampak Zimbabwe recorded a 13,5 percent growth in net income for the year to September 30 to $4,9 million from $4,3 million in the prior period.
HARARE, November 16 (The Source) – Cable manufacturer CAFCA reported a 73 percent increase in profit after tax to $726,213 for the year ended September 30, on the back of increased sales volumes.
HARARE, November 9 (The Source) – African Distillers sales volumes and revenue fell below budget in the first quarter to September, but the beverage maker expects improvement in the second quarter, boosted by demand in the festive season.
HARARE, November 8 (The Source) – Delta Corporation on Wednesday reported a 4 percent increase in after tax profit to $32,3 million for the six months to September, from $30,98 million in the comparable period last year on improved finance and income from associates.
HARARE, November 8 (The Source) – National Foods says profitability for the first quarter to September is largely in line with expectations,but volumes fell 10 percent below the same period last year.
HARARE, October 25 (The Source) – Capacity utilisation in Zimbabwe’s manufacturing sector declined from 47,4 percent last year to 45,1 percent in 2017, a survey by the Confederation of Zimbabwe Industries (CZI) has shown. CZI chief economist, Daphne Mazambani said capacity utilisation had been constrained… Read More
HARARE, October 19 (The Source) – Zimbabwe has signed an agreement with Hong Kong-based R&F for the Chinese property firm to invest $1 billion to revive fallen steelmaker, Ziscosteel, Industry Minister MIke Bimha said on Thursday.
HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National Breweries Plc (NatBrew), from its parent firm, Anheuser-Busch InBev SA/NV (AB InBev).Company secretary Alex Makamure said… Read More
HARARE, October 11 (The Source) – Zimbabwe Stock Exchange-listed beverages manufacturer, Delta Corporation (Delta), says its sorghum beer volumes for the quarter to September were down three percent, affected by cash shortages in the main markets.
HARARE, September 29 (The Source) – General Beltings Holdings narrowed its net loss for the six months to June by nearly a third to $254,230 from $360,380 in the prior comparable period chiefly due to lower operating expenses.
HARARE, September 29 (The Source) – Turnall Holdings says it is negotiating with banks to conclude a scheme of arrangement which will see the manufacturer of building materials restructure its debt. Acting finance director, Samson Mavende told analysts on Thursday that the scheme of… Read More
HARARE, September 28 (The Source) – Lafarge Cement recorded a 12,6 percent decline in revenue to $23,1 million in the six months to June from $26,5 in the prior year weighed down by a decline in sales. The company recorded a $1,76 million loss before… Read More