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ART posts revenue increase in Q1, but volumes down

By Stephen Chandisareva HARARE – Amalgamated Regional Trading (ART) posted a rise in inflation adjusted revenue for the first quarter ended 31 December 2024, with a year-on-year increase of 67%…

CAFCA likely to witness volume growth in Q2

By ETimes CAFCA, the country’s only cable manufacturer, expects a rise in volumes in the second quarter, covering January to March 2024, despite a challenging operating environment.   The company’s…

Grant Thornton ‘cast significant doubt’ about Starafrica’s ability to continue operating

…as current liabilities exceed current assets by $33.6bn By ETimes The capacity of Starafrica to continue as a going concern has been seriously questioned by external auditor Grant Thornton, Chartered…

Khaya Cement half-year net loss widens 443.72% on forex losses

By ETimes Khaya Cement (formerly Lafarge Cement Zimbabwe) net loss widened 443.72% year on year to $265.2 billion in the six months ended 30 June 2023 (H1 2023), up from…

Proplastics remains profitable but operates at subdued levels

By ETimes HARARE – Proplastics says it has successfully secured sufficient raw materials to ensure stock availability in the market, underpinned by the free finances created. In October last year,…

ANALYSIS| Bullish Willdale Eyes Growth in 2024 as Revenues Hit ZWL$36.9 billion

By ETimes Financial Performance Highlights   ZSE listed construction materials firm Willdale Limited reported an ZWL$8.3 billion inflation adjusted after tax profit for its financial year ended 30 September 2023,…

IPEC, First Mutual Life saga rages on

By ETimes First Mutual Holdings has issued a cautionary statement regarding its subsidiary First Mutual Life and its subsequent ongoing forensic audit by the Insurance and Pensions Commission (IPEC). The…

Willdale leveraging assets to increase plant capacity in 2024

By ETimes Willdale Limited is actively exploring avenues to augment its plant capacity in the short term by leveraging existing assets to secure necessary funding. The company is in ongoing…

Ecobank named best employer among the largest Zimbabwean banks

…as stock market investors gain $1.36 trillion By ETimes The Zimbabwe Stock Exchange closed Thursday significantly higher with 15 advancing stocks and 2 decliners. This comes as the local currency…

ART exports and local volumes grew in FY23

By ETimes ART Holdings Limited has commended the relative stability witnessed in the second half of 2023, saying it spurred its exports and volume uptake by the local informal sector.…