HWANGE Colliery Company Limited (HCCL) is on the rebound after posting a profit of $3,5 million in the first half of 2019, recovering from a loss of $23 million recorded in 2018.The troubled firm had ...
By Staff reporter | Published: 11 October 2019
ZIMBABWE'S largest financial services group CBZ Holdings Limited recorded a 301% increase in profit-after-tax to ZWL$137,4 million in the six months ended June 30, 2019 from a comparative 2018 of ZWL$...
By Staff reporter | Published: 01 October 2019
GOVERNMENT is going to withdraw operating licenses of shops that are profiteering and give them to "patriotic" people, Defence and War Veterans Welfare deputy minister Victor Matemadanda has said.Spea...
By Staff reporter | Published: 09 July 2019
CFI holdings Limited reported a profit-after tax of ZWL$7,2 million in the half-year to March 31, 2019, up from ZWL$2,1 million posted over the same period last year, driven by growth in earnings from...
By Staff reporter | Published: 04 July 2019
President Emmerson Mnangagwa has threatened to come down hard on shops that are refusing to slash prices after his government last week dumped the decade-old multi-currency system and re-introduced th...
By Staff reporter | Published: 03 July 2019
Low-cost African airline Fastjet Plc expects to be profitable on an underlying basis in 2019, Chief Executive Officer Nico Bezuidenhout said on Thursday, a year after a cash crunch nearly drove the ca...
By Staff reporter | Published: 02 July 2019
FIXED telecoms giant, TelOne, extended its streak as one of only a few shining beacons among usually poor performing State-owned enterprises after untaxed profit jumped 125 percent to $1 million in th...
By Staff reporter | Published: 01 July 2019
Lafarge Cement Zimbabwe Limited reversed its prior year-after-tax loss of US$0,6 million to a profit margin of US$1,3 million in the year-ended December 31, 2018, driven by growth in revenue and an e...
By Staff reporter | Published: 03 May 2019
ZIMBABWE'S biggest diversified media group, Zimbabwe Newspapers (1980) limited's profit for the year ended December 31, 2018 surged 68 percent to US$3,8 million compared to US$2,4 million recorded in ...
By Staff reporter | Published: 30 April 2019
THE unbundling of the Grain Marketing Board (GMB) under the Government's public enterprise reform programme is already paying dividend, with Silo Food Industries realising high profits from small grai...
By Staff reporter | Published: 29 April 2019
AFRICAN Sun says it recorded a 110 percent increase in profit to $ 10,135 million during the year ended December 31, 2018 compared to $4,816 million achieved in prior period driven by both an increase...
By Staff reporter | Published: 27 April 2019
STANDARD Chartered Bank Zimbabwe (Stanchart) has posted a 38% increase in profit-after-tax to US$18,36 million in the full year ended December 31, 2018, driven by the bank's digitisation strategy.The ...
By Staff reporter | Published: 26 April 2019
BANCABC'S after tax profit increased more than two-fold to US$10,8 from US$5,2 million in the full year ended December 31, 2018, driven by growth in net interest income as the bank upped its lending.I...
By Staff reporter | Published: 24 April 2019
ZIMBABWE'S life assurance industry recorded 68 % decline in after tax profits to $314,85 million in the nine months to September 2018 compared to $979,27 million during the same period in 2017, the in...
By Staff reporter | Published: 08 January 2019
AGRICULTURAL concern Ariston Holdings posted an after tax profit of $2,8 million in the full year to September from a loss position of $1,7 million in the prior year, on the back of cost-cutting measu...
By Staff reporter | Published: 01 January 2019
NATIONAL Tyre Services (NTS) reported an increase in profit after tax to $337 051 for the half year to September, but the company fears that fiscal and other monetary measures introduced by authoritie...
By Staff reporter | Published: 24 December 2018
Zimbabwe's postal and telecommunications sector registered a 9,2 percent revenue growth in the third quarter to September, 2018 on the back on increased usage of data and internet. In its Postal Telec...
By Staff reporter | Published: 21 December 2018
NON-LIFE insurers' profit after tax jumped 52,34 percent to $16,34 million in the 12 months period to June 30, 2018 compared to the same comparative period the prior year, according the Pensions and I...
By Staff reporter | Published: 10 December 2018
SEED CO posted a $69,03 million profit after tax for the half-year ended September 30, 2018 following a fair valuation of its subsidiary, Seed Co International Limited.The fair valuation was undertake...
By Staff reporter | Published: 05 December 2018
Zimbabwe Stock Exchange listed packaging company Nampak Zimbabwe (Nampak) profit for the year up to September jumped 89,3 percent to $14,5 million from $7,6 million in the prior period despite d...
By Staff reporter | Published: 03 December 2018
DESPITE the tough economic environment, credit microfinance institutions (MFIs) posted $9,8 million profit in the first nine months of 2018 on the back of increased demand for micro loans by individua...
By Staff reporter | Published: 21 November 2018
THE Zimbabwe Stock Exchange-listed conglomerate, Meikles Limited's profit after tax for the half-year ended September 30, 2018 grew by 467 percent to $15,3 million from $2,7 million realised last year...
By Staff reporter | Published: 21 November 2018
SIMBISA Brands Limited (Simbisa), a public-listed company that owns, operates, and franchises quick service restaurants in Africa, has reported a more than double growth in net income in the full-year...
By Staff reporter | Published: 27 September 2018
State-owned mobile network operator NetOne swung to profitability in the eight months to August 31, 2018, as profit rose 105 percent to $1,3 million from a loss of $26 million in the prior comparable ...
By Staff reporter | Published: 21 September 2018
State petroleum company, Petrotrade has - for the third year running declared a dividend to Government after registering an after tax profit of $3,75 million for the year ended December 2017. Speaking...
By Staff reporter | Published: 12 September 2018
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
