21.7 C
Harare
Friday, May 14, 2021
Revenue down 8%PAT adversely impacted by monetary loss exchangesThe Group opened a new store espite Covid-19 constraints Harare – Hospitality and retail group, Meikles Limited said its profit fell for the half-year ended 30 September 2020 as revenue slid due to COVID-19 induced...
Deal commenced in September 202091,6% of shares were surrendered as at 13 NovemberDeal expected to result in cost savings and improved liquidity for both sets of shareholders. Hotelier African Sun Limited and property holding company Dawn Properties Limited have finally closed their acquisition...
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...