Milk output up 8% in first 9 months
By ETimes HARARE – Milk production in Zimbabwe during the first 9 months of 2023 totalled 71,91 million litres, up 8% from the same month period last year, official data…
ANALYSIS| Dairibord Sees ZWL$4.6bln Loss in HY23 as Economic Turbulence Weighs
By ETimes Financial Performance Highlights Analysis and Commentary Its a set of financial results that raises some immediate concerns for the group. It is evident from the decline in the profit…
Hippo decries informal traders, forecasts higher borrowings
By ETimes HARARE – Hippo Valley Estates sugar production for the 5 months to August 2023 declined by 9% 66,319 tonnes from 72,058 tonnes in the comparative period last year,…
BAT hurt by high exchange losses posts $5.1bn loss before tax in H1
By ETimes HARARE – BAT Zimbabwe, a listed cigarette manufacturer, has recorded an inflation adjusted revenue of $71,56 for the half year ended 30 June 2023. The figure represents an…
TSL revenue up 229% in Q3
By ETimes HARARE – TSL’s inflation adjusted revenue for the third quarter ended 31 July 2023 rose 229% to $66.8 billion from $20.3 billion in the comparative period, thanks to…
Cottco says external audits delayed on failure to have directors
By ETimes Cottco says the external audits have come to a standstill since the firm lacked a board of directors to approve the previously audited financial statements. Since 2001, KPMG…
Cattle slaughters up 7,5pc amid improved herds
By ETimes In its 2023 first quarter report, the Reserve Bank of Zimbabwe (RBZ) noted that cumulative slaughters for the quarter were 87 352 head, an increase of 7,51 percent…
Milk output in Zim up 5% in first four months
By ETimes Milk production in Zimbabwe increased by 5% in the first four months of 2023, official data shows. The latest data from the agriculture ministry’s dairy services department show…
Public-Private partnerships drive milk output recovery
ETimes Zimbabwe’s raw milk production increased from 79,6 million litres in 2021 to 91,6 million litres in 2022, a rise of 14,3 percent and the increase has been a result…
ANALYSIS| Hefty Barzem Loss Provisions Drag Zimplow to ZWL$1.3 bln Loss in FY22
By ETimes Financial Performance Highlights Commentary and Analysis In implied US dollar terms, revenue was down in the groups key segments, with Mining and Infrastructure taking a big hit from…