Caledonia gross revenues down 16%
GROSS revenues at the Victoria Falls Stock Exchange-listed Caledonia Mining Corporation fell by 16% to US$29,4 million during the first quarter of this year due to lower production and higher … Read More
Category: Markets
Zimplow to secure another original equipment supplier
Agriculture and earthmoving equipment supplier, Zimplow Holdings Limited, says it will leverage on Barzem’s property portfolio to secure another original equipment manufacturer (OEM) after buying out Barloworld from the joint … Read More
Afdis forecasts US$49,4 million forex revenue
Volumes, a key indicator of demand, for Afdis, rose 18 percent for the year ended March 31, 2023, compared to the comparative period, as it now focuses on cost cutting … Read More
Cafca records 444% increase in income
REVENUE at cable manufacturer Cafca Limited increased by 444% to $15,7 billion in the half year ended March 31, 2023 compared to the prior period, buoyed by exports to regional … Read More
Delta increases contract farming hectarage
LISTED beverages producer, Delta Corporation Limited, has increased its hectarage under the maize contract farming scheme from 2 000 to 5 000 hectares, a development that will see the company … Read More
Afdis posts $41 billion annual revenue
LISTED spirits and wines producer, African Distillers (Afdis) posted a revenue increase of 56 percent to ZW$41 billion with operating income increasing by 15 percent to ZW$5,4 billion for the … Read More
Delta posts impressive FY performance results
BEVERAGES producer, Delta Corporation, has recorded significant volume growth across all its segments in the financial year ended 31 March 2023 on the back of improved socio-economic activity. The beverages … Read More
Eureka Mine helps Padenga double gold output
Diversified crocodile breeder Padenga Holdings Limited’s mining operations more than doubled gold sales volumes for the year to December 31, 2022, becoming one of the top three gold producers in … Read More
VFSE not an automatic solution for shareholders
There is a tendency in some business quarters for people to believe that moving into what would amount to dollarisation is a cure for most of their troubles, yet the … Read More
Turnall opts out of rights issue on shareholder consensus
Listed consumer discretionary firm, Turnall Holdings, has dramatically withdrawn its cautionary statement in which it said it was seeking a rights offer in order to finance recapitalisation. In a move … Read More
