HARARE, September 22 (The Source) – Listed media group, Zimpapers on Friday reported a net profit growth of 93 percent to $1 million for the six months to June from $570,520 recorded in the same period last year despite a fall in revenue.
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.
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
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
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
HARARE, March 31 (The Source) – Zimbabwe Newspapers, the country’s largest media group on Thursday reported a profit after tax of $2, 7 million in the full-year to December 31 from a loss position of $11, 4 million previously on improved performance of its newspaper… Read More
HARARE, October 27 (The Source) – Zimbabwe Newspapers, the country’s largest media group, reported a $1,9 million net profit for the half year to June 30 on Tuesday, as it republished its results citing a material tax error in its initial filing made in August.… Read More
HARARE, August 28 (The Source) – Zimbabwe’s largest media house, Zimpapers narrowed its loss for the half-year ended June 30 to $20,000 from $1,4 million, as advertising revenue and sales plunged while finance costs remained high and the economic environment worsened, the company said on… Read More
HARARE, September 30 (The Source) – Media group, Zimpapers plunged to a $1,417 million loss after tax in the half-year ended June 30 from a positive out turn of $358,000 the previous year as revenue tumbled due to high finance costs and a worsening economic… Read More