- Category: Stories
- Published on Sunday, 23 January 2011 19:22
- Written by Charles Rukuni
- Hits: 252
Astra Industries, once a top performer on the Zimbabwe Stock Exchange, had a disastrous start to 2004.
In its report for the six months to February, the company says though sales improved by 386 percent from $11.5 billion to nearly $56 billion, volumes declined significantly in January and February.
Operating profit improved from $5.4 billion to $22.2 billion while net profit increased from $3.6 billion to $14.5 billion.
The company says general business confidence is likely to remain depressed in the short-term but monetary policy developments, if sustained, should have a positive effect.