…as share price remains steady
By ETimes
HARARE – HORTICULTURAL exporter Ariston Holdings has delayed publishing its audited financial statements for the year ended September 30, 2024, while its share price remained unchanged at ZWG6.0000c in Tuesday’s trading session.
Originally due by 31 December 2024, the financial results—along with the first quarter trading update—are now expected by 28 February 2025 following an extension granted by the Zimbabwe Stock Exchange (ZSE).
The company attributes the delay to the complexities of shifting its functional currency from the ZWL to the US dollar.
“The delay is a result of processes that needed to be done around the change in functional currency,” stated the company in a notice to shareholders, adding that the review process has extended the external audit timeline.
Despite the setback, Ariston has expressed regret for any inconvenience caused and reassured shareholders of its commitment to transparency.
Ariston ranks 33rd among the most valuable stocks on the ZSE, with a market capitalization of ZWG96.6 million, representing approximately 0.17% of the ZSE’s total equity market.
