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.
(19 VIEWS)
The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…
Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…
Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…