Unifreight says cross border strategy ‘is proving to be an effective model’
TweetShareSharePin0 SharesBy ETimes Listed logistics firm Unifreight Africa recorded earnings before interest, taxes, depreciation and amortisation profit of $3,4 billion in the third quarter of 2023, a remarkable year-over-year reversal…
CBZ Holdings reports 696.1% YoY profit surge in 9 months
TweetShareSharePin0 SharesBy ETimes The net profit for the first nine months of 2023 at CBZ Holdings was $636.64 billion, up 696.1% from $79.97 billion in the comparative period, according to…
Dairibord share price drops despite strong Q3 sales growth
TweetShareSharePin0 SharesBy ETimes HARARE – Dairibord shares slipped 0,17 percent on Wednesday, notwithstanding sales growth reported by the company in its nine-month and third quarter ending 30 September 2023 which…
ANALYSIS| Storms Gather as Starafricacorp Slumps to ZWL$1.7 bln loss in FY23
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Advertisement Commentary and Analysis Evidently, the volatile operating environment weighed heavily on the group as profit margins declined sharply. The other concern is the…
ZSE starts the week in red, Investors lose $78.68bn
TweetShareSharePin0 SharesBy ETimes HARARE – The Zimbabwe Stock Exchange (ZSE) opened the week on a negative note as the mainstream All Share Index (ASI) dropped by 0.94% to close at…
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…