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
Category: Quoted Equities
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
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Listed consumer discretionary firm, Turnall Holdings, has dramatically withdrawn its cautionary statement in which it said it was seeking a rights offer in order to finance recapitalisation.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
Zimplow expansion to offset end of Caterpillar dealership
Zimplow Holdings Limited, a manufacturer of construction, infrastructure and agriculture products, says it is spearheading a capacity expansion initiative across its operating units, to offset the impact of business following … Read More
Zimplow sets up new tractive power unit
FARM implements manufacturer, Zimplow Holdings Limited, has set up a new business unit, Tractive Power Solutions (TPS), to cater for the exit of its Barzem unit from the Caterpillar (CAT) … Read More
Edgars remodels business to tap new opportunities
LISTED clothing retailer and manufacturer, Edgars Stores Limited, says it is remodeling its business to tap into new opportunities while focusing on cost containment to ensure the long-term viability of … Read More
