Cafca earns $327 000 profit


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Cable manufacturer CAFCA has reported a 41 percent increase in profit before tax to $327 000 for the six months to March, largely as a result of reducing costs and savings on interest from borrowings.

Revenue remained flat at $9.3 million, but export earnings grew by 68 percent to $705 000 as competition dropped due to lack of foreign currency.

Total assets stood at $16.7 million from $18 million.

The company did not declare dividend.- The Source

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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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