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  • RTG’s Inflation Adjusted Profits Surge 3000% to ZWL$1.3 bn in HY1 2022

RTG’s Inflation Adjusted Profits Surge 3000% to ZWL$1.3 bn in HY1 2022

By Yona Banda Financial Performance Highlights Hospitality group Rainbow Tourism Group (RTG) Limited saw its after tax profits surge to ZWL$1.3 billion in inflation adjusted terms for the half year…

Simbisa Sales Total ZWL$51bln in FY2022, Plans 87 New Store Openings for FY2023

By ETimes Financial Performance Highlights For the financial year ended 30 June 2022, fast food services group Simbisa Brands reported an inflation adjusted After Tax Profit of ZWL$9.5 billion which…

ANALYSIS| Starafricacorp Eyes Volume Growth as FY2022 Sales Hit ZWL$13bn

By Yona Banda Financial Performance Highlights Listed sugar refiner Starafricacorporation earned an inflation adjusted Net Profit After Tax of ZWL$797.3 million for its financial year ended 31 March 2022. The…

African Sun Bouyed by Rebounding Tourism as After Tax Profits Reach ZWL$6.1bn

By Yona Banda Financial Performance Highlights Listed hospitality and tourism group African Sun Limited announced net profit after tax of ZWL$6.1 billion for its half year ended 30 June 2022.…

ANALYSIS| Regional Business Thrives as First Mutual Holdings GPW Hits ZWL$22bn

By ETimes Financial Performance Highlights Listed insurance group First Mutual Holdings announced a ZWL$16.9 billion for its half year period ended 30 June 2022. In inflation adjusted terms, the groups…

ANALYSIS| Fair Value Gains Drive First Mutual Properties to ZWL$25bn After Tax Profit

By ETimes Financial Performance Highlights ZSE listed property concern First Mutual Properties earned a Net Profit After Tax of ZWL$25 billion. The performance was a return to profitability following fair…

ANALYSIS| Digitization Strategy Sees NMB Holdings Earn Total Income of ZWL$10bn in H1

…as Group Targets Expansion By Yona Banda Financial Performance Highlights  Listed banking group NMB Holdings posted a ZWL$1.7 billion net profit after tax for the half year period ended 30…

ANALYSIS| Dairibord Swings Back to Profitability as Half-Year Sales Volumes Hit 47mln liters

By Yona Banda Listed food and beverages manufacturer Dairibord Holdings earned a net profit after tax of ZWL$689 million in the financial half year ended 30 June 2022. The performance…

ANALYSIS| Monetary Losses Drag BAT Zimbabwe to ZWL$678mln After Tax Loss

…as Sales Volumes Decline 6% By Yona Banda Financial Performance Highlights Listed cigarette manufacturer BAT Zimbabwe earned an inflation adjusted after tax loss of ZWL$678 million. The loss was largely…

Hedging Strategies Appear to Payoff as FBC Holdings H1 Profits hit ZWL$8.1bn

By Yona Banda Performance Highlights The FBC Holdings group reported an inflation adjusted net profit after tax of ZWL$8.1 billion for the half-year ended 30 June 2022. The earnings surged…