11.1 C
Harare
Monday, July 6, 2020
Revenue grew by 27%Gross profit increased by 33%Increased sales volumes drove profitability Harare - The largest vertically integrated food for retailing brand in Zambia, Zambeef, posted a satisfactory performance for the half year period to 31 March 2020 despite a challenging economic environment...
Full year profit expected to be 65% and 75% ahead of last yearProjected growth anchored on recovering sales volumes and favourable currency movementsCompany’s other value chain operations affected by COVID-19 response measures Harare- Botswana Stock Exchange-listed (BSE) Company, Seed Co International Limited Group...
Total sales volumes plunged by 17%Revenue was down by 5%Loss of ZWL5.8 million Harare - British American Tobacco (BAT) Zimbabwe, a cigarette manufacturing company posted a declined performance for the year ended 31 December 2019. In a full year results...
9% growth in revenue94% surge in profit Harare - Zambeef, the largest vertically integrated food for retailing brand in Zambia expects to report a positive performance for the half year period to 31 March 2020 compared to the same period last year.
COVID-19 further worsening food insecurityMore than 250 million severely food insecureTo ease food insecurity Sub-Sahara should boost agricultural output Harare - The Sub-Saharan African region has been severely affected climatic shocks and epidemics that have left millions food insecure, a situation which, due...
Group’s tea export sales have declinedMacadamia export sales have remained firmHarvesting of pome fruit and other products unaffected Harare - Diversified agro-industrial concern, Ariston Holdings projects a 20% reduction in overall tea production after trimming a significant share of its outsourced labour and...
No major disruptions from COVID-19Production and marketing of sugar progressing as plannedFirm solvency position Harare - With many businesses reeling from the effects of the coronavirus, albeit an already tough economic environment gripping the nation, Hippo Valley Estates Limited’s operations remain afloat.
Business units have been operating at varying capacities during lockdownAgricura has commenced the manufacture and distribution of sanitizers and disinfectantsLogistics operations have continued operating, providing services through moving essential cargo Harare - TSL expects the COVID-19 pandemic to continue affecting the Group’s operations...
Revenue declined by 5.8%Profit slumped by 9.5%Total volumes plunged by 9.3%Q2 2020 expected to worsen Harare - Delta’s parent, the world’s largest brewer, AB InBev felt the severity of COVID-19 which materially impacted the company’s performance in Q1 2020.
Local volumes declined to 183 000 tonsSugar output was marginally lower than prior period’sExport volumes rose by 27% Harare - Tongaat Hulett’s Zimbabwe operations recorded a 13% downturn in sugar sales volumes in the half year ended 30 September 2019 as the unfavorable...