NMB.zw | HY2015 financial results

By Published On: August 26th, 2015Categories: Corporate announcement, Earnings

The Board of Directors of NMBZ Holdings Limited announce the release of the financial results for the half year ended 30 June 2015. Below are some financial highlights and excerpts from the Chairman’s Statement:

Introduction

These results were achieved under a difficult operating and economic environment which is characterised by an illiquid market and deflationary pressures. The Group recorded an attributable profit of US$3 166 684 for the period under review which was a significant improvement on the attributable profit of US$1 667 247 for the year ended 31 December 2014. This was largely attributed to the efforts made by the Bank in broadening its market segment, cost management and credit control.

Financial Summary 30 June 2015
Unaudited
30 June 2014
Unaudited
31 December 2014
Audited
Total income (US$) 28 802 534 23 303 115 48 078 454
Attributable profit (US$) 3 166 684 1 386 233 1 667 247
Basic earnings per share (US cents) 0.82 0.36 0.43
Total deposits (US$) 287 047 011 213 795 232 235 362 677
Loans and advances (US$) 236 180 331 193 620 036 217 463 319
Total shareholders’ funds (US$) 48 216 645 44 834 220 45 047 616

Appreciation

I would like to pay tribute to our valued clients, shareholders and regulatory authorities for their continued support in the period under review. I would also like to thank my fellow board members, management and staff for their profound commitment and dedication which has made the achievement of these results possible in the face of a deteriorating economic environment.

B. A. CHIKWANHA
CHAIRMAN


View full results
2015 Interim financial results

NMBZ Holdings Limited (NMB.zw)

Share price: 1,700.00 ZWL cents (-300.00 | -15.00% – 10/08/22)

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