Zimpapers 2017 capex at $3,8mln

HARARE, June 22 (The Source) – Zimbabwe’s largest media group,Zimpapers, says that it has budgeted capital expenditure of $3,8 million for 2017 and has so far spent $780,000 on equipment and property development.

Zimpapers FY profit down 26pct

HARARE, March 24 (The Source) – Zimbabwe’s largest media house, Zimpapers, on Friday reported that its net profit for the year to December 2016 fell by a quarter to $2,02 million from $2,7 million in the prior year. Revenue was down 6,3 percent to $37,6… Read More

Zimpapers H1 PAT drops 70pct

HARARE, September 22 (The Source) – Zimbabwe’s largest media group, Zimpapers on Thursday reported a 70 percent drop in net profit, from $1,9 million to $571,000, for the half year to June 2016 after incurring a high interest bill. The group incurred interest charges of… Read More

Zimpapers in $2,6mln capex

HARARE, June 23 (The Source) – Zimbabwe’s largest media group, Zimpapers, on Thursday said it has plans to invest $2,6 million in capital expenditure this year, despite revenues slowing in the first five months of the year. “We have put money in print to purchase… Read More