Century Holdings had an excellent year ending September with net profit increasing more than five-fold from $76 million to $440.2 million but it is only releasing its audited results in December as it has changed its financial year-end from September to December.
Clothing retail chain Truworths capitalised on the consumptive spending that has gripped the country to record a net profit of $537.7 million, a 419 percent increase over last year when it made a net profit of $103.6 million.
Bulawayo-based Haddon and Sly, which has now been taken over by Barbican Holdings, made a profit of nearly $4 million in the first half of this year and sales for July and August exceeded the rate of inflation which was over 100 percent.
About 212 000 tonnes of wheat is expected this season and 68 000 tonnes of this had already been delivered to the Grain Marketing Board by early October.
While an estimated 6.7 million are facing food shortage and the country’s imports will only meet 73 percent of the nation’s requirements, whispers say some indigenous millers are selling their maize allocations to beef farmers to feed their cattle, instead of milling it for the people who they get the allocation for.