HARARE, September 13 (The Source) – First Mutual Life (FML) reported a 63 percent increase in after tax profit in the six months to June from $2,6 million last year to $4,3 million driven by high returns from investment securities. FML chief executive, Douglas Hoto… Read More
HARARE, August 17 (The Source) – Zimre Holdings Limited (ZHL) says it has started negotiations over the disposal of some of its assets, likely including the 30.03 percent stake in NicozDiamond to state-controlled pension fund, the National Social Security Authority (NSSA).
HARARE, August 10 (The Source) – First Mutual Holdings Limited (FMHL) is seeking shareholder approval to raise $17,25 million through a rights issue to finance the acquisition of a 80,92 stake in Zimbabwe’s largest short-term insurer Nicoz,Diamond.
HARARE, June 20 (The Source) – State-run pension fund, National Social Security Authority (NSSA) has moved to consolidate its insurance portfolio via a deal which will see First Mutual Limited (FML) acquiring a controlling stake in Zimbabwe’s largest short-term insurer, NicozDiamond. NSSA is the anchor… Read More
HARARE, June 14 (The Source) – First Mutual Holdings’ net income for the five months to May jumped by 44 percent to $4,36 million, spurred by an increase in investment income. The Zimbabwe Stock Exchange has enjoyed a steady run since November last year. In… Read More
HARARE, September 20 (The Source) – First Mutual Holdings’ net profit grew nearly five-fold, to $2,6 million from $442,000 in the six months to June as a result of cost containment measures and strict management of claims, the company said on Tuesday. Operating profit stood… Read More
HARARE, June 10 (The Source) – First Mutual Holdings Limited posted an after tax profit of $3,733 million for the five months to May, 72 percent higher than the $2,174 million achieved over the same period last year. In a brief trading update for the… Read More
HARARE, March 23 (The Source) – First Mutual Holdings Limited (FML) will sell-off its 20 percent shareholding in Zimbabwe’s second largest hotel group, Rainbow Tourism Group (RTG), as it moves to concentrate on its core operations. The insurance group said on Wednesday it had reclassified… Read More
HARARE, June 3 (The Source) – First Mutual Holdings Limited’s profit after tax plummeted by 75 percent to $1,1 million in the four months to April, from $4,4 million compared to last year, reflecting a depressed market, the group’s chief executive Douglas Hoto said on… Read More
HARARE, May 23 (The Source) – First Mutual Holdings Limited (FML) is targeting increased rental income from small to medium enterprises by subdividing its industrial properties after occupancies fell significantly, the chief executive said on Friday. Occupancies in the company’s central business district properties were… Read More