Articles tagged 'profit'

Agribank makes $1,8m profit 13 June 2017 HARARE - Agriculture-focused financial institution, Agribank, recorded a $1,8 million profit in the five months to May 2017 from $460 203 prior comparable period, buoyed by income from Treasury Bills (TBs), an official said. Agribank chief executive Sam Malaba yesterday told the institution's ...
Hippo Valley back in the black 9 June 2017 HARARE - Zimbabwe's largest sugar producer Hippo Valley Estates (Hippo Valley) has bounced back to profitability due to improved sales volumes. The local unit of South Africa's Tongaat Hulett yesterday said its profit in the full year to March 2017 jumped to $7,7 million compared to a loss of ...
OK Zim in $11m Capex 25 May 2017 HARARE - One of Zimbabwe's largest supermarket groups, OK, says it spent close to $11 million on capital expenditure (Capex) in the year ended March 2017, as the retailer revamped and opened new branches. The group's chief executive, Alex Siyavora, who took over from Willard Zireva, said the r...
Steward Bank records maiden profit 2 June 2016 HARARE - Econet Wireless Zimbabwe subsidiary Steward Bank (Steward) has made its first profit since the telecommunications giant acquired the financial services provider in 2012. Steward said it made a profit after tax of $5,4 million in the full year to February 2016 compared to a loss of $8,...
African Sun return to profitability 10 June 2015 HARARE – Listed hospitality concern African Sun Limited (ASL) recorded a profit of $850 519 in the six months to March 2015, compared to a loss of $1,4 million in the prior period, due to increased foreign tourists arrivals. Herbert Nkala, ASL chairman, on Friday said foreign arrivals into the...