Search results for 'operating profit'
World
The Brick Dilemma: Willdale Limited's Struggle with Power Outages and Intense Rivalry

Persistent power outages throughout the year had a profound and adverse effect on the production and sales volumes of Willdale Limited, a prominent brick manufacturer. Consequently, the company's oper

Jan 09, 2024
Companies
Seed Co Starts FY25 Bullish Amid Improved Rainfall Prospects

Seed Co Limited, Zimbabwe's largest seed company, has started the 2025 fiscal year on a positive note, reporting increased sales volumes, revenue, and operating profit in its first quarter. This enco

Aug 06, 2024
Companies
Rainbow Tourism Group's Financial Performance Analysis

The Rainbow Tourism Group's financial performance indicates a strong recovery in the hospitality industry. Key profitability measures demonstrate the company's ability to generate revenue and manage c

Oct 02, 2024
Companies
Masimba Holdings Posts Strong H1 Results, Reduces Debt by 32%

Masimba Holdings has achieved significant milestones in the first half of 2024, despite operating in a tough environment characterized by liquidity constraints and heightened exchange rate volatility.

Oct 14, 2024
Companies
Seed Co Sees 45% Surge in Sales Volume to $26.9M

Largest seed house in the country, Seed Co  has recorded a 45% increase in sales volume to US$26.9 million for the third quarter to full year 2025 ended 31 December 2024 from 18.5 million in the same

Feb 03, 2025

Top Stories

Oil Prices Surge to 5-Month High Amid US-Iran Conflict

Oil prices have skyrocketed to a five-month high, with Brent crude surging 5.7% to US$81.40 a barrel before settling at US$78.39, with U.S. West Texas Intermediate rising 2.6% to US$75.76. The spike

4 hours ago

ZiG Weekly Commentary: From Gold Coins to Growth, ZiG’s New Era

The ZiG maintained relative stability in the willing buyer-willing seller auction market. On June 20, 2025, it depreciated slightly to 26.9918 from 26.9768 the previous week, before recovering margina

4 hours ago

Zimbabwe's Tobacco Production Surpasses 300 Million Kilograms, Eyes New Record

Zimbabwe’s tobacco industry has achieved a historic milestone in 2025, surpassing 300 million kilograms of production, generating over US$1 billion in revenue by June 19, 2025 according to TIMB.  Thi

6 hours ago

POSB Launches Instant Payday Loan

People’s Own Savings Bank (POSB), Zimbabwe’s government-owned financial institution, has launched the Instant Payday Loan, a fully automated loan facility designed to empower customers with rapid acce

Jun 19, 2025

Tobacco Sets New All Time Historic High

obacco Industry Marketing Board has reached a record 299.1 million kilograms as of day 71 of the  2025  marketing season, generating  US$1,004,477,101 billion in revenue, according to the latest daily

Jun 19, 2025

Global Economic Growth Slows to 2.3%: The Weakest Rate Since 2008

The World Bank’s latest Global Economic Prospects report has painted a sobering picture of the global economy, projecting global growth to decelerate to 2.3% in 2025, the slowest pace since the 2008 f

Jun 17, 2025

EcoCash Holdings Rebrands to TN CyberTech Investments

EcoCash Holdings Zimbabwe Limited has officially changed its name to TN CyberTech Investments Holdings Limited, marking a significant milestone in the company's evolution according to Ecocash holding’

Jun 17, 2025

ZiG Weekly Commentary: Analysing Risks of IMF's Mono-Currency Approach

The Zimbabwe Gold (ZiG), has sustained marginal erosion as it struggles to find course. Week on week,  the ZiG closed at 26.9768 per USD on the 1th of June 2025, a marginal decline from 26.9401 the pr

Jun 17, 2025