Published: 29 October 2013

Chemco released a dismal set of results showing a decline in group revenue by 27% to $2.3m mainly due to the disposal of TS Timber operations.

Loss before tax declined by 77%, the decline was attributed to improved operational efficiencies following the restructuring exercise in the second half of 2012.

Agricura recorded an 18% increase in revenue and profit before tax compared to a loss before tax achieved in the first half of the previous year.

Chemco was suspended on the Zimbabwe Stock Exchange thus no trades have been recorded and plans to delist the company are still under way.


- businessdaily

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