EcoCash Holdings FY22 earnings recover to US$4.5m from a US$1m FY21 loss

Published On: July 25, 2022By Tags: Southern-Africa

EcoCash Holdings Zimbabwe Limited, FY 2022 earnings increased to US$4.5 million from a loss of US$1 million in FY 2021.


  • FY 2022 revenue increased to US$62 million from US$46 million in 2021.
  • H1 2022 was more profitable with earnings of US$3.5 million compared to H2 which had earnings of US$1.0 million.
  • Foreign Exchange loses declined to US$1.1 million compared to US$9.9 million year prior.
  • 2022 profitability decreased as reflected by a decline in operating margins to 19% from 22%.

Investor Issues

High inflation and Zimbabwe currency weakness.

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About the Author: Hartland-Peel Africa Equity Research

Sub-Saharan Africa ex SA: Equity, debt and FX research covering sixteen countries and advising institutional investors. Proprietary data base of sixteen African stock markets, 250+ companies which is one of the most extensive and complete. New issues, IPO’s and distribution of equity on privatisation. Development of lending and corporate finance opportunities for the bank, privatisation and asset management. An ‘A’ rated equity analyst by South African institutional investors as polled by the Financial Mail in 1998 and 1999.