Coal production at Wankie was down by 50 percent in the first half of this year because of the shortage of maintenance spare parts and major components for the coal mining and processing equipment.
Bindura’s nickel sales for the six months to June were down by 32 percent due to two months furnace rebuild but net profit shot up from $1.5 billion to $12.8 billion.
A thirty-fold increase in exports from $126.4 million to $3.8 billion in the first half of this year helped to boost Cafca’s net earnings from $326.9 million to $2.1 billion.
Clan Holdings, whose aim is to become the preferred transporter within the Southern African Development Community (SADC) region, received a new lease of life when its profit for the six months to June more than doubled that for the whole of last year and was more than eight times that for the similar period last year.
Reinsurance group, Zimre Holdings, had a good first half despite problems that bedeviled the country such as high levels of inflation, uncontrolled monetary growth, foreign exchange shortages, high unemployment and supply bottlenecks.
Short-Term insurance company NicozDiamond says the industry is now bedevilled by under insurance so policyholders will have to battle to keep track of the spiraling price increases.