Mash sees its profit decline

Rising costs which resulted in higher than expected overhead expenditure, labour unrest and the need to trim margins in order to compete saw Mashonaland Holdings' profit at a standstill, declining…

TML is coming

Zimbabwe's media, starved of any real competition since the collapse of the Daily Gazette, could be in for a big surprise. First, Associated Newspapers Zimbabwe has just announced it is…

Tanganda brings some good news

It is very rare to get good news these days, but tea company, Tanganda, had an "exceptional" performance in the six months ending April with profit attributable to shareholders increasing…

Rothmans predicts a bright future

While its major competitor British American Tobacco Zimbabwe is reeling under a $35 million doubtful debt, Rothmans of Pall Mall Zimbabwe has posted good results with the group's consolidated earnings…

Art Corporation fares well

Once troubled paper giant, Art Corporation, has posted a profit of $65.3 million in the six months ending March, but profit attributable to shareholders was reduced to $56.7 million after…

Haddon and Sly posts poor results

Bulawayo-based Haddon and Sly, which runs a department store and supermarkets, had a disappointing year which saw profits after tax decline from $772 000 to $215 000, although the latest…

Apex fares well

Despite losing $3.2 million through redundancy costs and a further $3.5 million through exchange losses, Apex Corporation still managed to post an $8.6 million profit in the six months ending…

Tedco forecasts better results

Retail credit group, Tedco, which owns among others, Nyore Nyore Zimbabwe Furnishers, Radio Limited, CW Stores and the House of Kumali, had a 59 percent increase in pre-tax profits in…

Caps has another excellent year

Pharmaceutical company, CAPS, which barely two years ago was beset with problems of escalating costs, poor morale, lack of adequate product availability, a declining market share and a questionable future,…