HARARE, November 23 (The Source) – Regional seed producer, SeedCo narrowed its loss after tax to $2 million in the six months to September from $9,3 million in the comparable period last year, attributable to an increase in sales and a decline in finance costs.
HARARE, September 28 (The Source) – Regional seed producer, SeedCo expects its sales and earnings to grow this year on positive weather forecasts and continuation of government’s farmer support programme.
HARARE, June 9 (The Source) – Zimbabwe’s largest seed producer SeedCo is seeking shareholder approval to partially unbundle and list its external operations on a regional stock exchange to raise capital for expansion, a day after reporting a net income of $20,7 million for the… Read More
HARARE, November 28 (The Source) – Zimbabwe’s seed producer SeedCo’s loss widened by 66 percent to $9,3 million from $5,6 million due to inventory write-offs and exchange losses in the six months to September 30. Revenue rose by a third to $24,8 million, driven by… Read More
HARARE, August 12 (The Source) – Zimbabwe’s largest seed producer, SeedCo, has so far collected $16,2 million from a total of $56 million owed by creditors, a company official has said. Chief executive Morgan Nzwere journalists on the side-lines of the company’s Annual General Meeting… Read More
HARARE, November 13, (The Source) – The government has issued treasury bills and a tax set-off to amortise its $34 million debt to SeedCo, the company’s chief executive said on Thursday. Group chief executive Morgan Nzwere told analysts that SeedCo had received treasury bills worth… Read More
LILONGWE, November 12 (The Source) – Zimbabwe’s largest seed producer, SeedCo Holdings, which has interests in 15 African countries, has invested $10 million to grow its Malawian unit. Chief executive Morgan Nzwere told delegates at the company’s launch of its new Malawi business premises that… Read More
By Bernard Mpofu, HARARE, August 20 (The Source) – British investor Limagrain Groupe is expected to increase its shareholding in seed producer SeedCo to 32 percent by year end after the injection of $27 million into the business to help clear the firm’s borrowings, an… Read More
HARARE, November 7 (The Source) – Seed Co will use $20 million from the private placement deal with British firm, Limagrain to retire expensive debt, which will cut interest charges by up to $3 million annually, a company official said. Last week the company’s shareholders… Read More