ART Q1 operating profit at $1,4mln

HARARE, February 24 (The Source) – Amalgamated Regional Trading (ART) posted an operating profit of $1,4 million in the four months to January 2017 mainly as result of reduced operating expenses which were four percent below prior year. Group chief executive Tapiwa Ameer told shareholders… Read More

Datlabs challenges hit Adcock Ingram profit

BULAWAYO, February 22 (The Source) – South African pharmaceutical group Adcock Ingram says its businesses in Zimbabwe and Kenya have continued to under perform, cumulatively incurring a trading loss of $69,000 in the six months to December, 2016. The Johannesburg listed company has interests in… Read More

Afdis profit up 10pct in H1

HARARE, February 16 (The Source) – Spirits and wines maker, African Distillers recorded a 10 percent increase in after tax profit to $1.8 million in the half year ended December 31, 2016 from $1.6 million last year largely due to improved sales and cost reduction.… Read More

PPC Zimbabwe cement volumes up 9pct

BULAWAYO, February 6 (The Source) – Cement manufacturer, Pretoria Portland Cement (PPC), says sales at its Zimbabwe unit rose by nine percent in the nine months to December 2016 after commissioning a $82 million plant in Harare. The Harare plant, which was commissioned in November… Read More

SAZ targets SMEs for certification

HARARE, January 25 (The Source) – The Standard Association of Zimbabwe (SAZ) says it will this year target training small-scale enterprises (SMEs), now a key driver of Zimbabwe’s economy, to invest in quality and ensuring that their products meet international standards for possible export. Government… Read More