CBZ Holdings reports 696.1% YoY profit surge in 9 months
By 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 financial…
Dairibord share price drops despite strong Q3 sales growth
By 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 were…
ANALYSIS| Storms Gather as Starafricacorp Slumps to ZWL$1.7 bln loss in FY23
By 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 groups…
ANALYSIS| AfDis Eyes Growth as PAT Surges to ZWL$22.4 billion in HY23
By 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 across…
EcoCash shares slip despite return to profit
By 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 a…
NRZ pocketing US$600k a month from properties
By ETimes The National Railways of Zimbabwe (NRZ) has been on a drive to restructure its operations in order to derive more benefit from its assets lying around the country.…
AfDIS volumes up 11% as US$ turnover balloons to US$25.7mln in H1
By 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 by…
NatFoods generator power consumed 712K litres of diesel in FY23
…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 to…
OK Zim shares gain 0.65% despite weak half year volumes
By 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 volumes.…
Edgars shares soar on new CEO appointment
By 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 of…