Listed property firm, Dawn yesterday reported an 81 percent drop in profit for the six month period to June 30, to $90 442 compared to $480 019 last year after an increase in expenses. Revenue grew 23 percent to $2.27 million from $1.85 million but operating expenses rose to $1.7 million compared to $1.2 million in same period last year.
Zimbabwe investment group, Brainworks Capital today said it has been granted a listing of all its issued shares on the Johannesburg Stock Exchange (JSE), a move which it said will enable the company to raise capital to reduce its debt and enhance its acquisitive growth.
Zimbabwe has suspended import duty on fertilized poultry eggs for a six month period in a bid to revive poultry production following successive outbreaks of Avian Influenza in the country.
Vice-President Phelekezela Mphoko has trashed the country’s anti-corruption watchdog, the Zimbabwe Anti-Corruption Commission saying it is incapable of dealing with corruption as it has corrupt elements within it.
The ZSE industrial index advanced 14.29 percent to close the week on 418.39 points, pushed by significant gains in heavyweight counters while mining index also gained 22.98 percent to close on 122.57 points.
Zimre Holdings recorded a profit of $2.7 million from January to June 2017 compared to $200 000 in the same period last year driven by an improved performance of its reinsurance and general insurance units.