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Friday, January 15, 2021
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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...
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...
This comes at a time when most companies had been hoping to see a better year in 2020, following the disruptions faced in the previous year from the economic turmoil exacerbated by depreciating local currency, skyrocketing inflation triggering loss of purchasing power and a generally policy...
Volumes down 36%Affected by flour unavailability in the first half of the yearWeighed down by COVID 19 in the second half Harare – Innscor’s Bakery division, experienced a 36% slump in loaf volumes in the year ended 30 June 2020 against the results...
Sales volumes for the quarter were 11% above Q3 201981% above the Q2 2020Exports remained affected contributing on 3% to total sales Harare – Turnall Holdings Limited recorded an improved performance in the third quarter ended 30 September 2020, highlighted by an 81%...
Average sales volumes decreased by 8%Dunhill gained by 962%Revenue 31% higher than comparable period Harare - Zimbabwe Stock Exchange Listed cigarettes producer, British American Tobacco (BAT) has recorded an 8% decrease in sales volumes for the nine months ended 30 September 2020 mainly...
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...
Projection goes up from pre-COVID-19 projection of 56.4%Largest increases expected in oil-exporting countriesGovt revenue in 2020 is expected to fall by about 2.3 percentage points Harare- Sub-Saharan Africa’s public debt is projected to increase to 65% of GDP by the end of 2020...
The group spent R80 million on health and safety equipmentThey also spent a further R50 million on severanceMeanwhile sales volumes were down due to lockdown restrictions Harare - On top of the negative repercussions on sales volumes and revenue, the COVID 19 pandemic...
Volumes declined by 18%Group received the bulk of its revenue in US dollars in the periodDemand for products is anticipated to rise in the second half Harare – Proplastics’ volumes retreated in the half year ended 30 June 2020 as the company moved...