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

Meikles’ mining JV collapses

HARARE, March 22 (The Source) – Meikles Limited’s foray into mining faces uncertainty following the withdrawal of its foreign joint venture partner, Centar Limited. Announcing Meikles’ belated 2016 financials, chairman John Moxon announced that Centar had withdrawn from Zimbabwe. He did not give reasons behind… Read More