Heavy engineering group Gulliver Consolidated says it has now consolidated its operations focussing on its core business of steel and steel engineering and it managed to achieve results that were ahead of inflation.
Bill Clinton’s famous statement about, and focus on, the American economy in the 1992 Presidential campaign more than any other factor probably secured his Presidential election victory.
Phoenix Consolidated Industries in which Apex Corporation has a 51 percent stake had what the company termed impressive results but sales just more than doubled from $991.6 million to $2.5 billion while net profit trebled from $108.2 million to $466 million.
The Zimbabwe Congress of Trade Unions (ZCTU), which gave birth to the Movement for Democratic Change, Robert Mugabe’s biggest headache since its formation four years ago, is about to bail out the beleaguered 79yearold president.
Apex Corporation, one of the top five performers on the Zimbabwe Stock Exchange, whose share price soared $2.35 to $50 a share last year, had an excellent performance during the year ending October with its sales more than doubling from $2.15 billion to $4.33 billion and net profit increasing more than ten fold from $56.9 million to $633.4 million.