Astra subdued


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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 it was adversely affected by price controls which were in force from November last year to May, the company saw its sales increase from $7.6 billion to $31.7 billion while net profit rose from $1.6 billion to $8.8 billion.

The company says though it expects margins to improve because of the lifting of price controls, it does not expect any significant growth in volumes.

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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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