Volumes down profit up for Chemco

At first glance, the picture looks dismal. Volumes are down because of reduced agricultural activity. Turnover is adversely affected by price controls and reduced margins on some tobacco chemicals that…

Boom time for Tanganda

It was boom time for Tanganda. The company realised a net profit of $4.8 billion in the six months to April more than double the $2.3 billion it made for…

Tedco booming

Retail group, Tedco, joined the group of companies lamenting the "very difficult economic environment" but at the same time making hefty profits. Though it said retail demand, especially for high…

Falgold booming but…..

Although it made a profit of $739 million in the six months to March, gold producer Falcon Gold Zimbabwe (Falgold) says it might cease operations before the end of its…

ZITAC gains market share

Indigenous-owned Zimbabwe Tobacco Auction Centre (ZITAC) is gaining market share in the lucrative tobacco business and this is being attributed to the larger crop from smallholder farmers expected this year.…