Currency distortions weigh on Zimplow

ZIMPLOW Holdings (Zimplow) says its profit declined by 21 percent to $228 million during the half-year to June 30, 2021, due to “currency distortions” in Zimbabwe. Advertisements This was despite a 67 percent growth in revenue to $1,66 billion, which the company said was driven by volume growth across all its units. “While our profitability…

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