STARAFRICA Corporation (StarAfrica) says the value of its property, plant, and equipment (PPE) increased by 103 percent to ZiG264,71 million for the six-months to September 30, 2024 from ZiG130,4 million as of March 31, 2024 reflecting its strategic focus on enhancing its operational infrastructure.The increase in PPE was largely driven by a revaluation surplus of…
StarAfrica’s assets double on revaluation gains
In its financial statement, the company highlighted that the revaluation gains were attributable to land, buildings, and plant machinery, which saw significant value adjustments.