News type: Earnings
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Feb 2, 2023 –
Chairman’s Statement INTRODUCTION The past twelve months proved to be extremely challenging for businesses and households alike. Inflation, leading to rising expenses, increasing regulation, informalisation, tight liquidity, interest rates, dollarisation and exchange rate disparities, and corruption; all combined to make the conduct of formal business difficult. Despite these difficulties, the …
Corporate announcement, Earnings | Zimbabwe
Jan 31, 2023 –
Published in accordance with Section 92(1) of the Banking and Financial Services Act, 2017.
Corporate announcement, Earnings | Zambia
Jan 31, 2023 –
OVERVIEW OF TRADING ENVIRONMENT The business has remained focused on ensuring that we remain relevant in the fast changing economic environment by increasing our value proposition and offering an exceptional product experience and convenience to our customers. BUSINESS OPERATIONS REVIEW Mobile Money Services In the quarter under review, we have …
Corporate announcement, Earnings | Zimbabwe
Jan 28, 2023 –
Volume increased by 14% over the past nine months compared to the same period prior year, and by 46% compared to the same quarter prior year, helped by ample stocks, exports, record local sales of wheat and soybeans as well as favourable rainfall projections towards the start of the main …
Corporate announcement, Earnings | Zimbabwe
Dec 25, 2022 –
Willdale Limited (WILD.zw) 2022 Abridged Report Overview The year under review was largely characterized by accelerated depreciation of the Zimbabwe dollar and high inflation. The exchange rate moved from ZWL86.1667 at the beginning of the financial year to ZWL621.8922 at the end, and this together with other factors, including the …
Corporate announcement, Earnings | Zimbabwe
Dec 21, 2022 –
Financial Highlights Chairman’s Statement Dear Shareholders The first half of our Financial Year (F23) witnessed a very volatile trading environment that was characterised by episodes of extreme exchange rate volatility that resulted in high inflation. The annual inflation which was recorded at 96% at the beginning of the financial year, …
Corporate announcement, Earnings | Zimbabwe
Dec 16, 2022 –
CHAIRMAN’S STATEMENT INTRODUCTION The past twelve months proved to be extremely challenging for businesses and households alike. Inflation, leading to rising expenses, increasing regulation, informalisation, tight liquidity, interest rates, dollarisation and exchange rate disparities, and corruption; all combined to make the conduct of formal business difficult. Despite these difficulties, the …
Corporate announcement, Earnings | Zimbabwe
Dec 13, 2022 –
Seed Co International Limited (SCIL.vx) HY2023 Interim Report Overview Adverse effects of the Russo-Ukraine conflict bedevilled the global economy characterised by constrained global supply-chain induced inflation, rising inflation and interest rates. Regional economies in which the Group operates are impacted the most on the backdrop of already fragile economies, the …
Corporate announcement, Earnings | Zimbabwe
Dec 13, 2022 –
Seed Co International Limited (SCIL.bw) HY2023 Interim Report Overview Adverse effects of the Russo-Ukraine conflict bedevilled the global economy characterised by constrained global supply-chain induced inflation, rising inflation and interest rates. Regional economies in which the Group operates are impacted the most on the backdrop of already fragile economies, the …
Corporate announcement, Earnings | Botswana
Dec 13, 2022 –
Seed Co Limited (SEED.zw) HY2023 Interim Report Overview The first half of the year was an increasingly difficult operating environment in Zimbabwe with constant policy interventions. Liquidity crunch, foreign currency shortages and prohibitive borrowing costs were among the major obstacles encountered in the period. During the period under review, the …
Corporate announcement, Earnings | Zimbabwe
Dec 9, 2022 –
ART Holdings Limited (ARTD.zw) 2022 Abridged Report CHAIRMAN’S STATEMENT It is a great pleasure to present the financial and strategic performance of Art Holdings Limited (ART) for the year ended 30 September 2022. OPERATING ENVIRONMENT The operating environment remained complex and challenging, characterised by high inflation, unstable exchange rates, rising …
Corporate announcement, Earnings | Zimbabwe
Dec 9, 2022 –
CHAIRMAN’S STATEMENT AND CHIEF EXECUTIVE’S REVIEW FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2022 SALIENT FEATURES *Adjusted EBITDA is operating profit adjusted to exclude depreciation, amortisation, any impairment (or reversal thereof) and fair value adjustments relating to biological assets. Hippo Valley Estates Limited (HIPO.zw) HY2023 Interim Report COMMENTARY Operating Environment …
Corporate announcement, Earnings | Zimbabwe
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