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. 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 has…

Subscribe to read full article. Subscribe today

Related posts

Etihad lifts Zimbabwe trade, tourism

Econet launches AI unit to drive tech adoption

ZimRe mulls CFI divestment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More