Search results for 'Turnaround'
Companies
First Mutual Properties Swings to US$1.4m Profit in HY25, Erases US$60m Loss
First Mutual Properties Limited (FMP), the Zimbabwe Stock Exchange–listed real estate investment and development group, has achieved one of the sharpest earnings reversals on the bourse, swinging from
Sep 23, 2025
Companies
OK Zimbabwe Market Update: Revenue Remains Below Break-Even, 3 More Stores to Close
Retail giant OK Zimbabwe Limited has released a crucial market update, providing shareholders and stakeholders with a transparent view of its ongoing battle to return to financial health. Following ca
Nov 21, 2025
Zambia
Zambian Breweries Stages Dramatic Turnaround with US$15.1 Million Profit Amid Regional Beverage Boom
ambian Breweries Plc has delivered a remarkable full-year recovery, posting a consolidated net profit of ZMW 294.769 million (≈US$15.1 million) for the year to December 2025, reversing a substantial Z
Mar 12, 2026
Companies
MBZ's Profit Turnaround Amidst Qualified Audit Opinion: A ZWG248Mn Prior Period Error Reshapes 2024 Numbers
NMBZ Holdings Limited has swung from a restated loss of ZWG205 million in 2024 to a profit after tax of ZWG251 million in FY2025, a turnaround that looks decisive until the audit opinion is read caref
Apr 07, 2026
Companies
ZIMPLOW CEO Willem Swan Steps Down, Chaibva Takes Over as Losses Narrow, Profitability Still Pending
Zimplow Holdings Limited has announced the resignation of Group Chief Executive Officer Willem Swan with effect from 1 May 2026, replacing him immediately with Charles Chaibva, currently the Group Com
May 11, 2026
Zimbabwe
PPC Zimbabwe Carries Group Cash Flow as Cement Demand Surges: Pays US$36 Mn Dividend, Funds RK3 Expansion
Pretoria Portland Cement Limited (PPC) has reported revenue of R10.255 billion for the year ended 31 March 2026, a 3.9% increase from R9.871 billion in the prior year, with EBITDA rising 31% to R2.079
Jun 09, 2026
Top Stories
Old Mutual Restores Trading on VFEX, Cements the USD Bourse as Zimbabwe’s Blue Chip Market
Old Mutual’s decision to migrate its suspended secondary listing from the Zimbabwe Stock Exchange to the Victoria Falls Stock Exchange resolves a six year trading freeze for Zimbabwean shareholders an
20 hours agoZimbabwe's Medical Services Amendment Act: A Noble Premise Built on a Dangerous Assumption
Zimbabwe has gazetted the Medical Services Amendment Act, 2026 on the 7th of July 2026, legally requiring private hospitals to admit and provide emergency treatment to patients with life-threatening c
1 day agoHigher Ethanol Blend, Higher Pump Price: How Fuel Prices Compare Globally After ZERA’s Fuel Cuts
Zimbabwe's Energy Regulatory Authority has reduced petroleum prices effective 8 July 2026, bringing diesel from USD 1.99 to USD 1.87 per litre, a reduction of USD 0.12 or 6%, and blend E20 from USD 1.
Jul 09, 2026
