Edgars Stores, probably the biggest clothing retail chain in the country, saw its sales increase from $3.9 billion to $14.7 billion in the six months to 5 July.
Astra Industries, which was one of the best performers on the Zimbabwe Stock Exchange last year, had a good year ending August with sales improving by 318 percent and net profit by 466 percent.
Though there was a significant slow down in demand for Cairns Holdings’ food division products, especially during the second half, price inflation pushed sales from $5.5 billion last year to $30.8 billion during the year ended August.
A 74 percent increase in the price of sugar granted in May was only enough to minimise losses but the sugar division of ZSR still incurred a loss of $1.9 billion according to the company’s results for the six months to September.
Cimas, one of the largest medical aid societies in the country, which has over 400 000 members, had a net surplus of $5.6 billion during the year ended June, a drastic improvement from a surplus of $966 million the previous year.
Tobacco growers have called for an early opening of the auction floors so that they can pay back their loans because high interest rates are threatening their viability.