16.7 C
Harare
Sunday, March 7, 2021
Occupancies improved from 5% in Q2 to 14% in Q3YTD occupancy was down 28%Group expects a surge in domestic and regional tourism going forward HARARE – For the third quarter ended Spet.30 (Q3’20), African Sun Limited recorded a year-over-year occupancy decrease of 37%,...
Revenue from hotel division was 54% downRevenue from property consultancy was 10%  downOverall occupancy of hotels in Q3 at 13% Real estate holding, property consultancy and development company, Dawn Properties has recorded 54% and 10% declines in revenue from their hotel and property...
Profit for Q3 2020 was down 86.4% compared to Q3 2019Revenue was 11.3% downThis was due to price volatility, inflation and other unfriendly macro-economic aspects Harare – Zimbabwe Stock Exchange (ZSE) listed real estate, property development and management company, First Mutual Properties Limited...
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...