Search results for 'profit decline'
Companies
NMB Holdings Profitability Slumps, Non-Performing Loans Rise to 1.2% in H1 2024

NMB Bank's non-performing loan (NPL) ratio rose to 1.2% in the first half of 2024, up from 1.1% at the end of 2023. This increase, coupled with the recalibration of the local currency book following

Sep 20, 2024
Companies
TSL Profit More Than Halves to US$3.62 Million in FY 24

TSL Limited, a diversified Zimbabwe Stock Exchange-listed company, experienced a sharp 55% decline in profit after tax from continuing operations, falling to US$3.62 million for the fiscal year ended

Mar 04, 2025
Companies
Westprop Remains Profitable in FY 2024 Despite 54% Net Profit Dip

WestProp Holdings, a prominent real estate company listed on the Victoria Falls Stock Exchange (VFEX) has recorded 54% decline in profit to US$18.26 million  for the full year ended 31 December 2024 f

May 12, 2025
Companies
FBC Holdings Reshapes Revenue Model, Prioritizes Core Operations

FBC Holdings Limited has embarked on a strategic transformation, shifting its revenue base away from volatile hedging and investment revaluation gains toward sustainable core income streams, signallin

Aug 29, 2025
Companies
CAFCA Bets Big on Solar Plant as Profits Crash 68%

CAFCA Limited, in a proactive bid to secure energy independence amid Zimbabwe's persistent power challenges, the nation's sole listed cable manufacturer is advancing the installation of a 1.18MW solar

Dec 01, 2025

Top Stories

Zimbabwe's White Gold Sector: New Records, Policing and Outlook

Zimbabwe's lithium industry (white gold) delivered a stellar performance in 2025, with sales volumes reaching 1.52 million (1,522,893.93) metric tonnes and generating US$571.6 million in revenue, surp

5 hours ago

Zimbabwe Secures 500MW Solar Flagship Under 10GW Africa Platform

Zimbabwe is set to host a flagship project of a new multi-gigawatt African renewable energy platform spearheaded by INOX Clean Energy, RJ Corp and SkyPower, marking one of the most consequential priva

6 hours ago

Sibanye Projects 30% Production Decline, Writes Down Mimosa by US$28.74m

Sibanye-Stillwater, a multinational mining and metals processing group with a diverse portfolio of operations, projects and investments across five continents, has signalled a structural shift in its

10 hours ago

Tigere REIT Caps Transformational 2025 with Yield-Boosting Acquisitions and Near-Doubling of Profits

In a year of resilient growth for Zimbabwe's nascent REIT sector, Tigere Real Estate Investment Trust emerged as a standout performer, completing two strategic retail acquisitions in Q4 2025 that pro

1 day ago

Greenfields Feeds the Bottom Line: Food and Entertainment Are Rewriting Zimbabwe's Retail Story

Tigere's entire portfolio operates on US dollar leases, which insulates its rental income from local currency fluctuation and provides investors with predictable returns. For the 2025 financial year,

1 day ago

Sibanye Projects Production Decline, Writes Down Mimosa by US$28,74m

Sibanye-Stillwater, a multinational mining and metals processing group with a diverse portfolio of operations, projects and investments across five continents, has signalled a structural shift in its

1 day ago

Sibanye-Stillwater Reinstates R3.7bn Dividend Payments After 3-Year Hiatus

Sibanye-Stillwater, the diversified South African mining giant, reinstated its dividend payments after a three-year hiatus on 20 February 2026, buoyed by a 281% surge in headline earnings per share (H

1 day ago

Anglo American Seals Teck Resources Merger Deal, Net Debt Falls

Anglo American marked 2025 as a transformational year by advancing its portfolio simplification and securing a landmark merger agreement with Teck Resources to create Anglo Teck, a global critical min

1 day ago