Premier Discount gets off to a good start


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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.

(11 VIEWS)

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Charles Rukuni
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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