Axia operating profit doubles in Q1

HARARE, November 29 (The Source) -Specialty retail and distribution group Axia Corporation says operating profit during the first quarter to September 30 nearly doubled on prior period, setting the group up for positive earnings in the half-year.

Simbisa FY PAT at $6,3mln

HARARE, October 2 (The Source) – Simbisa Brands reported a net income of $6,3 million, up from $5 million last year driven by an eight percent growth in revenue.   Revenue grew from $146,6 million in the same period last year to $158,9 million as… Read More

Edgars H1 profit up 420pct

HARARE, September 19 (The Source) – Clothing retail chain Edgars stores reported a fivefold increase in after tax profit to $567,499 in the six months to July, from $109,119 last year driven by an increase in revenue and savings on finance costs.