Cafca reports $327k HY profit

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

Turnall slips to $4mln FY loss

HARARE, May 2 (The Source) – Turnall Holdings on Tuesday reported a loss of $4 million in the full-year to December 2016 from a profit of $106,938 in the prior year, due to low consumer demand. Sales volumes declined by 39 percent to 36,791 tonnes… Read More

Delta Q4 revenue down 15pct

HARARE, April 13 (The Source) – Beverage giant Delta Corporation on Thursday reported a 15 percent drop in revenue for the fourth quarter to March 31 compared to the previous quarter as demand continues to fall. The company said it will release its full-year financial… Read More