News type: Trading update
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May 30, 2023 –
OPERATING ENVIRONMENT During Q1 2023, the operating environment continued to be volatile with high inflation and a depreciating currency. The Reserve Bank of Zimbabwe, through its Monetary Policy Committee, reduced the Bank Policy rate by 50 percentage points midway through Q1 2023 to 150% and by a further 10 percentage …
Corporate announcement, Earnings, Trading update | Zimbabwe
May 17, 2023 –
Zimplow Holdings Limited hereby issues the following trading update for the First Quarter ended 31 March 2023. TRADING UPDATE The trading environment remains challenging for the productive sector related businesses constrained by the liquidity gaps emanating in the market. Major off-takers of agricultural products suffered liquidity & cash flow gaps …
Corporate announcement, Earnings, Trading update | Zimbabwe
May 17, 2023 –
Simbisa Brands Limited (‘Simbisa’) issues the following trading update for the third quarter ended 31 March 2023 TRADING ENVIRONMENT The Group continues to be impacted by the global food security risk stemming from the war in Ukraine, resulting in price increases in the business’ key raw materials. Global inflationary pressures …
Corporate announcement, Earnings, Trading update | Zimbabwe
May 17, 2023 –
Mashonaland Holdings Limited (MASH.zw) Q12023 Interim ReportOperating environment The 1st quarter of the year was characterised by continued inflationary pressures and depreciation in the local currency exchange rate. During the quarter, the RBZ interbank exchange rate depreciated by 40% on the back of an increase in money supply in the …
Corporate announcement, Earnings, Trading update | Zimbabwe
May 16, 2023 –
National Foods Holdings Limited (NTFD.vx) Q32023 Interim Report National Foods hereby issues the following trading update for the quarter ended March 31st 2023 Economic Environment and Trading Performance The environment became increasingly challenging in the quarter, with the local currency devaluing at an accelerating rate and significant power supply challenges. …
Corporate announcement, Earnings, Trading update | Zimbabwe
May 16, 2023 –
Axia Corporation Limited (AXIA.vx) Q32023 Interim Report Trading Environment Trading for the most part of the quarter was satisfactory as the operating environment was relatively stable. The tail end of the quarter, however, witnessed increased levels of exchange rate volatility, and the gap between the formal exchange rate and the …
Corporate announcement, Earnings, Trading update | Zimbabwe
May 15, 2023 –
Innscor Africa Limited (INN.vx) Q32023 Interim ReportInnscor Africa Limited hereby issues the following trading update for the Third Quarter of F2023, which ended 31 March 2023. TRADING ENVIRONMENT AND GROUP SUMMARY The Group operated under turbulent economic conditions during the Third Quarter as the market experienced significant inflationary pressure, currency …
Corporate announcement, Earnings, Trading update | Zimbabwe
May 15, 2023 –
Overview of Operating Environment During the first quarter, there was a significant decline in annual inflation, with figures dropping to 87.6% at the end of the period, compared to 243.76% in December 2022. This can be attributed to the implementation of the blended inflation metrics combining the US$ and ZWL …
Corporate announcement, Earnings, Trading update | Zimbabwe
Apr 14, 2023 –
The Board wishes to advise its stakeholders that following unanticipated delays in the finalization of the review process by our External Auditors, Edgars Stores Limited has sought and obtained approval from the Zimbabwe Stock Exchange (ZSE) to defer publication of the full year financial statements to on or before 08 …
Corporate announcement, Trading update | Zimbabwe
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