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
HARARE, September 28 (The Source) – Medtech Holdings reported improved revenues and margins during the half-year period to June 30, but profitability was weighed down by a net exchange rate loss of $996,000.
HARARE, September 27 (The Source) – Light manufacturing group, Innscor reported an 11 percent increase in net income to $33,69 million in the full-year to June, from $30,48 million in the prior year on cost savings.
BULAWAYO, September 26 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says volumes at its Zimbabwe operation rose 25 percent in the period between January to August on increased production at its new Harare mill.
HARARE, September 22 (The Source) – Blue Ribbon Industries on Friday said it has put on hold a further $20 million investment to expand its business as it awaits the government to amend its empowerment legislation.
HARARE, September 14 (The Source) – Plastics manufacturer, Proplastics’s net income for the six months to June grew nearly threefold to $352, 946 from $91,243 reported in the same period last year on increased sales and lower finance costs.