GetBucks Microfinance Bank (Zimbabwe) – HY22 PBT increased by 197% to close at ZWL$72,6 million

By Published On: October 4th, 2022Categories: Corporate announcement
Getbucks Financial Services Limited 2022 Interim Results For The Half Year

REVIEWED CONDENSED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2022

The board of directors of GetBucks Microfinance Bank Limited presents the reviewed condensed interim financial results of the Bank for the six months ended 30 June 2022 (“Interim Results”).

Financial Highlights of the Bank

The Interim Results (“Inflation adjusted”) when compared to the six months ended 30 June 2021 (“Comparative Period”), are set out below:

    • Profit before tax for the six months increased by 197% to close at ZWL$72,6million compared to a loss of (ZWL$74,5) million for the comparative period;
    • Total Assets grew by 13% to close off at ZWL2;,5 billion from ZWL2,2 billion as at 31 December 2021;
    • Loss per share decreased by 28% to (3.81) cents per share compared to a (5.31) cents loss per share in the comparative period;

No dividends were declared or paid during the period under review.

This short form announcement is the responsibility of the Board and does not contain full or complete details. Any investment decisions by investors and/or shareholders should be based as a whole on consideration of the reviewed financial results for the six months ended 30 June 2022 which may be downloaded from the Company’s website at: https://www.getbucksbank.com and may also be viewed, at no cost, at the Zimbabwe Stock Exchange website.

By Order of the Board of Directors,

Wimbayi Chigumbu

Chief Finance Officer

30 September 2022


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