29.9 C
Harare
Tuesday, October 20, 2020
Home COVID-19

COVID-19

posts on the corona epidermic

Total sales volumes declined by 3%Company’s premium brand returned to the marketRevenue increased by 20% Harare – ZSE-listed tobacco manufacturer, British American Tobacco Zimbabwe (BAT) registered a decline in sales volumes in the half year ended 30 June 2020 owing to the unstable...
Cement sales volumes decreased by 9%Profit contracted by 72%high production costs due to Kwacha depreciation Harare - Zambia domiciled cement producer, Lafarge Zambia has not been spared from the impact of the COVID-19 pandemic as sales volumes were negatively affected for the half...
Net operating profit declined by 22%Headline earnings increased by 10% to R3.9 billionSanlam has operations in Zimbabwe through a 40% interest in Zimnat Sanlam Limited (JSE:SLM), which is in the insurance business and is based in South Africa, reported a subdued financial performance...
Covid-19 spread has ensured that cash as a concept is now passé while touch-free payments take center stageTapping your card at a point of sale terminal that is enabled with contactless technology allows users to extract value from this evolving techStanbic recently stepped up functionality of FCAs...
Q22020 volumes down 37%Export volumes were 3% of total salesPAT declined by 82% Harare – Turnall Holdings registered a dip in sales volumes in half year ended 30 June 2020 (1HY2020) owing to COVID-19 pandemic constraints. In the Group’s...
Occupancies dropped to an average of 38%Posted a net loss of R486,6 million from a profit of R205,5 million in 2019Revenue dropped by 25% to R1,16 billion Harare - South Africa based hotel operator City Lodge Hotels Limited experienced a significant adverse impact...
Headline Earnings per share to drop more than 20%Basic earnings per share to be lower than 20% Harare - Old Mutual Limited, parent to Old Mutual Zimbabwe has succumbed to the severity of the COVID-19 pandemic as it has issued a negative earnings...
Total assets value triple to ZW$60.4 billionOperating and administrative expenses increase due to inflationary pressuresDefers projects on COVID-19 impact Harare – Old Mutual Zimbabwe (OMZ) recorded a 730% increase in profit after tax to ZW$432 billion in the half year ended 30 June...
PAT grew to $361 million in inflation-adjusted termsIncreased digital acceptance grew customer basePDFS unit registered 202% growth in transactional income Harare -BancABC (Zimbabwe) Limited’s investments in technological infrastructure has yielded positive results for the Bank as it contributed to its strong performance in...
• Market dynamics induced by COVID-19 have affected the ability of some borrowers to service their obligations• During HY20, the Bank recorded a loss of ZWL66.92 million in inflation adjusted terms• Liquidity ratio of the Bank improved to 71% Harare – The...