CAFCA profit up 73 pct in FY

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.

Muradzikwa quits CFI board ahead of EGM

HARARE,November 13 (The Source)-  CFI Holdings acting Chairperson Grace Muradzikwa has resigned ahead of the agro-industrial group’s extraordinary general meeting (EGM) meant to fire her and two other directors. Muradzikwa has been on the board since 2004, she served as the acting chairman since April… Read More

OK Zimbabwe net income doubles to $5mln in H1

HARARE, November 9 (The Source) – Retail group OK Zimbabwe on Thursday said its net income more than doubled to $5,1 million in the six months to September, from $2,3 million in the comparable period last year on increased revenue and inflationary pricing.

Delta net income up 4pct in H1

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.

Zim stocks extend gains

HARARE, November 5 (The Source) – The Zimbabwe Stock Exchange (ZSE) industrial index gained 2.2 percent to 525,63 points after a recovery in some heavyweight counters.The mining index also gained 2,37 percent to close at 140,5 points. Market capitalisation increased by 2,25 percent in the… Read More