ANALYSIS| AfDis Eyes Growth as PAT Surges to ZWL$22.4 billion in HY23
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis On the face of it, it is a largely positive set of results for African Distilleries. The moderate growth in volumes…
EcoCash shares slip despite return to profit
TweetShareSharePin0 SharesBy ETimes EcoCash’s shares plunged 3.50% on Thursday despite a return to profit in the half year ended 31 August 2023. Initially focusing on mobile money, EcoCash began as…
NRZ pocketing US$600k a month from properties
TweetShareSharePin0 SharesBy ETimes The National Railways of Zimbabwe (NRZ) has been on a drive to restructure its operations in order to derive more benefit from its assets lying around the…
AfDIS volumes up 11% as US$ turnover balloons to US$25.7mln in H1
TweetShareSharePin0 SharesBy ETimes Listed spirits and wines producer, African Distillers (AfDIS) reported a 988% rise in inflation adjusted profit after tax in the six months ended 30 September 2023, helped…
NatFoods generator power consumed 712K litres of diesel in FY23
TweetShareSharePin0 Shares…mulls 2MW solar project By ETimes National Foods diesel for generator consumption increased by 582 930 litres to 712 851 litres in FY2023 from 129,921 litres in FY2022, owing…
OK Zim shares gain 0.65% despite weak half year volumes
TweetShareSharePin0 SharesBy ETimes OK Zimbabwe shares on Thursday finished 0.65% higher at $151.12 after investors took a favourable view on the retail giant, notwithstanding a decline in the company’s ear-to-date …
Edgars shares soar on new CEO appointment
TweetShareSharePin0 SharesBy ETimes Clothing retailer Edgars Stores Limited shares were up by nearly 6% on Monday after the company appointed several new senior leaders to its management team. The shares…
ANALYSIS| Value Gains Drive Mash Holdings to ZWL$236bln PAT
TweetShareSharePin0 Shares…as Diversification Strategy Takes Shape By ETimes Financial Performance Highlights Commentary and Analysis On paper, it’s a performance that was largely driven by fair value and exchange gains. On…
Pick n Pay’s share of TM’s reported earnings slips to just R1.1mln
TweetShareSharePin0 SharesBy ETimes HARARE – South African retail giant Pick n Pay says its share of TM Supermarkets Zimbabwe earnings, before any hyperinflation net monetary adjustments, for the 26 weeks…
Choppies receives US$125K in weekly instalments of blocked funds
TweetShareSharePin0 SharesBy ETimes Regional retailer Choppies says it is recovering some of the US$29,62 million in funds blocked in Zimbabwe. The term blocked funds describes money that a foreign company…