SeedCo H1 loss grows 66pct to $9,3mln

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

SeedCo narrows H1 loss to $5,5mln

HARARE, December 4  (The Source) – Zimbabwe’s largest seed producer SeedCo narrowed its loss after tax by 27 percent to $5,5 million in the six months to September on increased volumes, reduced finance charges and exchange rate gains. Group turnover increased by 17 percent to… Read More

SeedCo invests $10m to grow its Malawi unit

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

SeedCo PAT marginally declines

HARARE, June 27 (The Source) – SeedCo after tax profit for the full year to March marginally declined to $11,8 million from $11,7 million in prior year suppressed by rising costs, the company reported on Friday. Despite registering a nine percent growth in revenue to… Read More