© MAURITIAN diversified investment holding company Brainworks said on Friday that it expected a turnaround in earnings per share when it reports results for the year to end-December 2018. [GoogleAd] The company, which focuses its investment strategy exclusively on assets and services in Zimbabwe, had been warned by the JSE earlier this month to publish its…
© JAPANESE multinational automobile manufacturer Nissan says it has plans to increase its presence in Zimbabwe. Jim Dando, the director of sales and operations for Nissan Group of Africa, said Zimbabwe was a key market for the global automaker. [GoogleAd] “Zimbabwe is a very special market for us, it’s very close to our heart…
© RIOZIM says it recorded a net loss of US$2,3 million in the year to December 31, 2018 against a net profit of $8,1 million achieved in the prior year, partly attributable to fixed costs incurred while operations were suspended for the gold business. [GoogleAd] The listed gold miner’s revenue decreased by 15 percent to US$75,4…
© ZIMBABWE Platinum Mines (Zimplats) says operating cash cost per platinum ounce increased by four percent to $1 371 in the quarter ended March 31, 2019, resulting in increased total operating costs for the quarter. [GoogleAd] The Australia Stock Exchange-listed platinum producer Zimplats said operating costs for the quarter under review surged six percent…
© METBANK says its after tax profit surged 254 percent to $17 million for the year ended December 31, 2018 compared to $4,8 million in 2017, largely driven by improved non-interest income. [GoogleAd] The financial institution’s non-interest income increased to $47,6 million in the period under review compared to $23 million during prior year while net…
STANBIC Bank (Stanbic) yesterday said it recorded a $39,3 million profit after tax for the year ended December 31, 2018, up from $27,6 million in the prior year. The performance was headlined by 26 percent growth in net interest income up from $55,1 million in the comparative period to $69,7 million as the bank maintained…
VAYA Logistics, a division of Cassava, has stepped in to help private waste collectors to collect waste in different areas of Harare. The company said it has partnered with eight private companies, that have already been collecting waste in Harare, to support them with transport logistics. “We are pleased to advise that Vaya Logistics will…
RAINBOW Tourism Group (RTG) says it has completed the restructuring of its balance sheet, putting closure to a long-standing issue that haunted the company for the past decade. In January last year, RTG’s shareholders gave the nod to resolutions that sought to raise $22,5 million through a rights offer of ordinary shares and linked debentures…
© ZB FINANCIAL Holdings (ZBFH) says its profit after tax grew by 54 percent to $21,8 million for the year ended December 31, 2018 on the prior period. Ronald Mutandagayi, the financial institution’s group chief executive, said this resulted in earning per share increasing by 51 percent to 8,29 cents while return on equity improved…
© ZIMBABWE is among the countries invited by Botswana President Mokgweetsi Masisi to discuss a common policy towards the management of elephants, which are becoming a campaign issue before elections later this year. [GoogleAd] Leaders will discuss the impact of the animals on humans and the legal and illegal trade in elephant products with…
