Search results for 'Profitability'
Companies
Delta Corporation Pays $31 Million in Sugar Taxes, Implements Strategic Mitigation Measures
Delta Corporation, Zimbabwe's largest beverages maker, has paid US$31.2 million in sugar taxes during the period from February 2024 to December 2024, which has had a ripple effect on the market. The
Jan 23, 2025
Companies
Nampak Sustains 1HY Profitability Despite Soft Volumes: Targets Regional Markets for Growth
Nampak Zimbabwe, the country’s largest packaging firm, reported a challenging first half of 2025, with revenue declining by 17% to US$38 million from US$45.78 million in the prior year, as detailed in
Jun 02, 2025
Companies
Seed Co Reports 93% Revenue Growth in FY25, but Government Debt, Currency Shift Weaken Profits
Seed Co, Zimbabwe’s leading seed company with a robust regional footprint, reported a 52% surge in sales volume for the fiscal year ended March 31, 2025 (FY2025), driven by strong demand in both domes
Jul 09, 2025
Zambia
Klapton Re Delivers Record Underwriting Performance as Insurance Service Result Surges 81% to ZMW 668 Million on Elite 78% Combined Ratio
Klapton Reinsurance has posted its strongest operational results since inception, with the insurance service result, the clearest measure of core reinsurance profitability under IFRS 17, surging 80.8
Apr 08, 2026
Zimbabwe
Air Zimbabwe’s US$11m Loss Meets Growing Aviation Market: Passenger Growth Raises Return Hurdle on Fleet Renewal
One of the more revealing findings in the latest Auditor General report is that Air Zimbabwe can produce a clean set of accounts and still remain economically fragile. The Auditor General issued an un
Aug 26, 2026
Companies
Crown Bank Profit Hits US$3.3m as FBC Rebuilds Acquired Standard Chartered Franchise
Crown Bank generated US$3.3 million in profit before tax during the first half of 2026, up 344.3% year on year, as FBC Holdings rebuilt the former Standard Chartered Zimbabwe franchise following disru
Aug 28, 2026
Zimbabwe
Zanaco's 13% Revenue Growth Fails to Lift Profits as Costs Rise, Echoing CBZ's Earnings Pressure
Zambia National Commercial Bank (Zanaco) has recorded a 13% increase in operating income to K3.30 billion (approximately US$183.2 million) for the six months ended 30 June 2026, but the improvement fa
Oct 21, 2026
Top Stories
Zambia Re Profits Nearly Triple as Underwriting Improves, Outpacing Zimbabwean Insurers
Zambia Reinsurance, formerly Prima Reinsurance, has recorded a 198% increase in profit after tax to K6.09 million (approximately US$338,000) for the six months ended 30 June 2026, despite reinsurance
Oct 22, 2026Zanaco's 13% Revenue Growth Fails to Lift Profits as Costs Rise, Echoing CBZ's Earnings Pressure
Zambia National Commercial Bank (Zanaco) has recorded a 13% increase in operating income to K3.30 billion (approximately US$183.2 million) for the six months ended 30 June 2026, but the improvement fa
Oct 21, 2026
