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.

Simbisa seeks secondary listing on the LSE AIM 

HARARE, July 24 (The Source) – Fast foods group Simbisa Brands says it’s seeking regulatory and shareholder approvals for a secondary listing on the London Stock Exchange Alternative Investments Markets (AIM) to access additional funding for expansion.  

Edgars PAT at $1mln YTD

BULAWAYO, June 7 (The Source) — Clothing retail chain Edgars Stores’ profit-after-tax nearly trebled to $1 million in the year-to-date, from $35,000 last year and 200 percent above budget due to lower costs. In a trading update at the group’s annual general meeting on Wednesday… Read More

Powerspeed PAT doubles in H1

HARARE, June 2 (The Source) – Electrical goods manufacturer and retailer, Powerspeed’s net income for the interim period to March more than doubled to $580,673 from $161,595 recorded in the comparable period last year on increased revenue and cost containment measures. Turnover was up 13… Read More