- Category: Stories
- Published on Monday, 03 January 2011 19:32
- Written by Charles Rukuni
- Hits: 277
Premier Discount Company which started operations at the beginning of this year made a profit of $111million in the first half of this year, and it says despite the economic challenges the country is facing, prospects for the second half are encouraging.
Interest income stood at $1 billion with net interest income down to $52 million. But operating income was boosted by net trading income which stood at $298.6 million.
The discount company says it is planning to transform into a merchant bank and may take on two additional directors to broaden its skills base. It currently has six directors.