20 C
Harare
Monday, November 30, 2020
A number of construction works were completed during the periodPAT up 15.7% ahead of prior yearFull-year results expected to be ‘significantly’ ahead of the comparative period Harare – Masimba Holdings Limited, a Contracting and Industrial group in Zimbabwe, providing engineering and infrastructure solutions...
ZimPlow moving to acquire 100% of Birmingham investments in exchange of15,774,446 newly issued ordinary sharesMoving to acquire 51% in Tredcor for 18,399,564 ordinary shares Harare – Agro-industrial firm, Zimplow Holdings Limited has offered to acquire 100% of Unifreight Africa Limited’s shareholding in Birmingham...
Forex shortages leading to slow discharge of foreign currency denominated liabilitiesZSE trade suspension shook investor confidenceHyperinflation and COVID 19 worsening the situation Harare – Listed diversified insurance holding company, ZimRe Holdings Limited has lamented the shortages of foreign currency experienced in the country...
Office spaces to be converted into student accommodation and residential flatsRevenue for HY2020 was down 29%Vacancy at 23% Harare - Zimbabwe Stock Exchange (ZSE) listed real estate holding company ZimRe Property Investments has it in the books to convert its Harare CBD properties...
HY2020 sales down 87%Defers dividend payment due to COVID-19 related uncertaintiesOfficial opening ceremony of Sawanga Shopping Mall in Victoria Falls set for Q4 Harare – Listed property concern, Zimre Property Investments (ZPI) said projects income significantly declined during the half year ended 30...
Occupancy rate was 21% compared to 41% in prior yearGroup revenue was 20% lowerAll hotels and lodges were closed effective 31 March 2020 in response to COVID-19 measures Harare – As a result of the global coronavirus (COVID-19) pandemic, the hotel market has...
On the outlook, the Company said that operating profit margins are expected to remain under pressure because of inflation and exchange rate pressures. Harare – First Mutual Properties Limited says the evil trinity of inflationary pressures, foreign currency volatility and supply chain disruptions...
Zimplow will acquire 100% ownership of the Target Companies and the Target PropertyScanlink (Pvt) Limited is the sole distributor of Scania products in ZimbabweShareholders of the Target Companies and EPP will receive a total of 106,199,706 Zimplow ordinary shares Harare – Farming equipment...
Registered a profit after tax of ZMW46.9 million from a loss of ZMW10.8 millionoperating profit before investment property revaluation registered increases of close to 8%The group gained ZMW114.8 million in fair value of investment property portfolio Harare - Real Estates Investments Zambia (REIZ)...
Basic earnings per share anticipated to soar by 183%Growth attributed to the impact on the ZMW-equivalent of property values of a depreciation of the ZMW against the USD. Harare - Real Estates Investments Zambia (REIZ), the only listed real estate company on the...