3. INNSCOR
Innscor is the third largest company by market capitalisation, with a market value of $471.5 million, constituting 5.81 percent of the ZSE total market capitalisation.
In the year to date, the company has gained 81.3 percent to 87.05 cents.
In its latest half year results to December, the company reported a 16 percent growth in profit after tax to $18 million from $15.8 million in the prior year.
In the same period, revenue rose to $311 million from $300 million in 2015 while earnings per share grew 28 percent to 2.32 cents from 1.78 cents.
Capital expenditure stood at $9.3 million in the six months to December last year and was limited to critical maintenance and expansion projects.
The company declared a dividend of 0.7 cents per share.
4. SEEDCO
Zimbabwe’s largest seed producer SeedCo with a market value of $441.6 million, is the fourth largest company by market capitalisation, constituting 5.44 percent of the ZSE total market capitalisation.
In the year to date, SEEDCO has gained 81.7 percent to 183.47 cents.
The company reported a net income of $20.7 million for the full-year to March from $14.6 million last year, driven by a 40 percent increase in revenue to $134.6 million from $95.96 million previously.
SeedCo has operations in Botswana, Kenya, Malawi, Nigeria, Rwanda, Tanzania, Zambia and Zimbabwe, whose principal activities are producing agricultural seeds and is owed a total of $16.7 million by the governments of Botswana, Zambia, Malawi,Tanzania and Rwanda.
The company said it increased its seed production by 20 percent, including winter production in view of the anticipated increased demand in the new season.
SeedCo declared a dividend of 2.92 cents per share and an additional once-off special dividend of 1.46 cents per share due to exceptional performance in the previous year.
The company is seeking shareholder approval to partially unbundle and list its external operations on a regional stock exchange to raise capital for expansion.
Continued next page
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