NMBZ Holdings issues Profit Warning Statement

By Published On: August 23rd, 2019Categories: Corporate announcement, Earnings

In line with Section 32 of Statutory Instrument 134 of 2019, Securities and Exchange (Zimbabwe Stock Exchange Listing Requirements) Rules 2019, shareholders are advised that the basic earnings per share for the half year ended 30 June 2019 will be approximately ZWL14.55 cents per share against ZWL2.34 cents per share recorded for the same period in 2018.

The expected increase in the basic earnings per share is largely due to investment properties fair value adjustments and translation of foreign currency balances arising out of the change in functional and reporting currency from United States Dollars to the new local currency (ZWL).

Shareholders are accordingly advised to exercise due caution in dealing with their shares in the Company before the publication of the half year results by 31 August 2019.

By Order of the Board

Shumirai I Pashapa
Company Secretary

23 August 2019

NMBZ Holdings Limited (NMB.zw)

Share price: 1,700.00 ZWL cents (0.00 | 0.00% – 11/08/22)

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