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
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
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
Zimbabwe Stock Exchange listed conglomerate, Meikles Limited, says pretax profits for the year ended March 31, 2018 grew by 225 percent to $19,2 million, from $5,9 million during the prior comparable ...
By Financial Gazette | Published: 16 July 2018
Industrial holdings group, TSL Limited, expects to bump profitability in the current financial year on the back of a positive outlook for Zimbabwe's agriculture sector, mainly the tobacco sub-sector.T...
By Staff reporter | Published: 24 June 2018
PPC's profit rose due to strong performance in Zimbabwe and Rwanda. Its gross profit rose by 3% year-on-year to US$174m in the financial year that ended on 31 March 2018 from US$169m in the same perio...
By Staff reporter | Published: 18 June 2018
Art Corporation's profit after tax rose to US$3,2 million in the half year to 31 March 2018 from US$1,2 million thanks to strong performance in its battery division and other units.The group's revenue...
By Staff reporter | Published: 08 June 2018
Zimbabwe's banks are posting startling profits that are buttressing economists and investors' belief that revenues from electronic transactions charges were reinvigorating the long-struggling financia...
By Staff reporter | Published: 06 June 2018
Zimbabwe's platinum mining sector is benefitting from a rebound in global commodity prices, with the nation's biggest producer of the metal, Zimplats, registering a 58 percent growth in profits.The in...
By Staff reporter | Published: 03 May 2018
ECOBANK Zimbabwe Limited has declared an interim $2.3 million dividend for the year ended December 31, 2017 after its profits surged by 123 percent to $22 million compared to $9.9 million in the prior...
By Staff reporter | Published: 24 April 2018
STANBIC Bank Zimbabwe has shrugged off the prevailing harsh economic environment to post an impressive set of results for the year ended December 2017 headlined by a profit after tax of $27.6 million,...
By Staff reporter | Published: 30 March 2018
Listed property firm, Dawn Properties, yesterday said its profits went up by 200 percent to $3 million in the full year to December 2017 due to improved rental collections. The group's chairperson, Ph...
By Staff reporter | Published: 29 March 2018
CBZ Holdings, Zimbabwe's biggest banking group (by assets and deposits) plans to expand its small to medium enterprise loan book by $10 million to stimulate growth in the sector, as profits rose 17 pe...
By Staff reporter | Published: 19 March 2018
Listed mining concern, Bindura Nickel Corporation (BNC), has posted a $2,23 million profit after tax in the half year to September representing a 46,8 percent increase from $1,18 million reported in ...
By Staff reporter | Published: 10 December 2017
PANIC buying, triggered by fears of basic commodity shortages and price hikes spurred OK Zimbabwe's revenue during the half year ended September 30, 2017, an analysis by Old Mutual Securities (OMSEC) ...
By Staff reporter | Published: 30 November 2017
Zimre Holdings Limited (ZHL), saw its profits growing by 1 137% to $2,7 million in the half-year ended June 30 from the comparable period last year, as the financial services group reaps from its rest...
By Staff reporter | Published: 26 September 2017
Zimplats profit after tax for the full year to 2017 increased 522 percent to 45 million from $7 million the previous comparative period.The platinum mine's profit before tax was also up at $100 millio...
By Staff reporter | Published: 15 September 2017
BancABC Zim posted a significant rise in profit after tax to $3, 2 million for the first half of this year from $200 000 in the prior comparable period.The profit bump was on the back of cost-containm...
By Staff reporter | Published: 30 August 2017
Listed wines and spirits maker African Distillers Ltd (AFDIS) doubled its after-tax-profit to $2, 7 million in the six months to June 30, 2017 from $1, 1 million recorded in the same period last year....
By Staff reporter | Published: 24 August 2017
Mortgage lender, CABS profit for the half year to June 30, 2017 amounted $16 million, which was 20 percent lower than $20 million reported in the same period last year.The decline was on the back of ...
By Staff reporter | Published: 14 August 2017
NON-life insurance companies' profit after tax surged to $3,83 million during the first quarter of 2017 due to a rise in net premium written and reductions in operational expenses.The surge was from a...
By Staff reporter | Published: 07 August 2017
NATIONAL Tyre Services Limited (NTS) profits narrowed from $624 405 to $153 919 during the year ended March 2017, as the company continues to suffer from low consumer demand and foreign currency short...
By Staff reporter | Published: 31 July 2017
Zimbabwean banks are seeing their profits skyrocket despite the tough operating environment, making more money from trading and mostly electronic transactions, financial research firm Equity Axis has ...
By Staff reporter | Published: 14 July 2017
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
