24.5 C
Harare
Saturday, May 30, 2020
Q2 volumes expected to decline by 30%Net effect will be constrained aggregate demand in the core individual homeQ1 volumes 3% above budget Harare - Lafarge Cement Zimbabwe limited anticipates the coronavirus to impede on its second quarter performance in 2020 as many economic...
The Company is currently on an export drive to improve export earnings, albeit logistical challengesProduction volumes for Q1 2020 increased by 50% compared to same period in 2019The sales volumes however decreased by 33% for the same period Harare – Hwange Colliery Company...
Occupancy levels grew to 79.2%Rental income increased by 44%Property expenses were 17% down Harare - Listed property concern, Mashonaland Holdings posted a growth in occupancy levels in the second quarter ended 31 March 2020 compared to the same period in the prior year.
Vast improvement in operational efficiencies is expectedThe Group has managed to clear all production backlogsExports drive expected to grow volumes and generate forex Harare - Proplastics, Zimbabwe’s leading plastic pipes and fittings manufacturer forecasts an improved volumes performance following the completion of its...
Output stood at 118 000 ouncesSupply projected to contract by 4% in 2020Global supply down by 6% Zimbabwe registered a steady growth of platinum production in the first quarter of 2020 compared to the same period in the prior year.
FBCH expects its 2020 financial performance to be adversely impacted by the virusThe selling and distribution of Turnall’s products has been curtailed by the restriction of movementMeikles believes the Group will progress in a satisfactory position of financial strength and profitability in the future
Sales volumes grew by 45%Export sales volumes rose by 4%Production volumes increased by 17% Harare - ZSE listed building and piping products manufacturer Turnall Holdings posted a buoyant volumes performance in the first quarter ended 31 March 2020. According...
Volumes increased by 38%COVID-19 enhanced manufacturing of hand sanitisers at the chemicals division Harare - General Beltings Holdings (GHB) reported a volumes growth in the first quarter ended 31 March 2020 in spite of the foreign currency shortages and hyperinflation which exerted pressure...
Gross margins were also impacted in line with the lost sales particularly during the last quarterProfit after tax for the period was ZWL$17.9m, an 81% decrease from ZWL$91.8m in the same period last year“Post Covid-19, clothing retail will not be the same and the Group is pursuing...
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...