OK Zim suffers volumes drop, Declares US dividend
The country’s biggest retail group, OK Zimbabwe posted a 7,7 percent volume drop for the year ended 31 March over the comparative period owing to depressed consumer spending power and … Read More
Category: Quoted Equities
Zimpapers records 59pc revenue growth
ZIMBABWE’S biggest diversified media group, Zimbabwe Newspapers (1980) Limited’s revenue increased by 59 percent to $40,7 billion in the first six months of the year with all units posting improved … Read More
FMHL to expand USD-based product portfolio
WITH over 80 percent of transactions now in U.S. dollars, First Mutual Holdings (FMHL) said it will expand its U.S. dollar-based product portfolio to maintain product relevance. FMHL is a … Read More
Tongaat shareholders set to receive nothing for their shares
Investors in Tongaat Hulett appear virtually certain to receive nothing for their shares in the severely financially distressed JSE-listed sugar producer and property company. Mr Peter Steen, one of the … Read More
Operating costs chew into Padenga profit
MINER and crocodile farmer Padenga Holdings Limited (Padenga)’s operating costs rose by nearly 39% to US$63,78 million in the half year ended June 30, 2023, owing to an increase in … Read More
First Mutual overturns loss-making position
FIRST Mutual Holdings Limited (FMHL) overturned its loss-making position to post a profit-after-tax of ZWL386,37 billion in the half year ended June 30, 2023, after realising a net gain of … Read More
OK Zim banks on dollar deals
RETAIL chain OK Zimbabwe has said it will bank on dollar deals to grow the customer base despite the rise in the number of unregulated informal operators in the country. … Read More
PPC Zimbabwe reclaims market share
LISTED cement manufacturer, Pretoria Portland Cement (PPC) recorded a three percent increase in sales volumes for the five months to August this year compared to the same period in 2022. … Read More
Proplastics to install substantial solar generation plant
Listed piping systems producer, Proplastics Limited is within the next six months expected to install a substantial solar generation plant to augment the availability of power supply and minimise operational … Read More
Seed Co reports solid performance
Listed seed processor, Seed Co Limited International, has reported robust performance for the first five months of the current financial year, demonstrating resilience in a difficult economic landscape. The company … Read More
