ANALYSIS| Spike in Agric Claims Drag ZimRe Profits 57% Lower to ZWL$4.1 bln in FY22
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis The group highlighted the adverse impact of a spike in agriculture insurance claims on its financial performance. It definitely played a part…
Proplastics sees raw material costs dwindle in Q1
TweetShareSharePin0 SharesBy ETimes Listed consumer discretionary producer Proplastics signaled that both its production and sales volumes were up 10 percent in the quarter ending March 31, 2023. In a statement…
FMP appoint Tshabalala as finance executive
TweetShareSharePin0 SharesBy ETimes First Mutual Properties has appointed Mr. Dumisani Tsabalala as their finance executive, the company said in a statement. The company said, “First Mutual Properties Limited is pleased…
Stocks rise by 1.74% as BAT mulls switch to demandable currency
TweetShareSharePin0 SharesBy ETimes The stock market closed the week higher, lifted by gains in select heavyweights as activity continued to improve. This comes as the apex bank plans to tentatively…
Fair Value Gains Boost First Mutual to ZWL$24 bln After Tax Profit in FY22
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis The high bottomline growth was primarily due to the upward fair value adjustments of the groups investment properties. Otherwise, total income growth…
FBC Holdings FY23 income seen at $406.61bn
TweetShareSharePin0 SharesBy ETimes FBC Holdings’ total income will rise by 276% to $406.61 billion in FY23 from $108.15 billion in FY22 despite a challenging operating environment, IH Securities has said.…
Delta makes return to SSA Top 30 earnings releases, US$ earnings report
TweetShareSharePin0 Shares…as ZSE sustains gains by 3.79% By ETimes The Zimbabwe Stock Exchange maintained its positive trend on Thursday, rising by 3.79%. Market capitalisation increased by $146.39 billion to $3.42…
ZSE gains 2.27% amid exchange rate disparity concerns
TweetShareSharePin0 SharesBy ETimes Despite concerns about the exchange rate’s volatility, the Zimbabwe Stock Exchange (ZSE) ended the midweek session on a positive note, adding $26.47 billion to its market capitalisation…
Tigere REIT Q1 income hits US$381 569
TweetShareSharePin0 SharesBy ETimes Listed Real Estate Investment Trust (REIT) Tigere Property Fund through its first quarter trading update said it has seen occupancy levels across its properties rise to 100…
ANALYSIS| Monetary Losses See FCA Bank After Tax Profits Decline 27% in FY22
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis Growth in income related to the group’s core banking operations (interest + fees and commissions) at 42% was only marginally higher than…