THE tight monetary stance taken by the Reserve Bank of Zimbabwe (RBZ) has adversely impacted battery and stationary maker Amalgamated Regional Trading (ART)’s operations resulting in a 11 percent decline in revenue for the first quarter ended on December 31,2024, the group has announced.AdvertisementsThe Zimbabwe Stock Exchange (ZSE)-listed concern also saw its sales volumes for…
Liquidity constraints choke ART operations
“The relative exchange rate stability and improved power availability towards the end of the period enabled stocking and improvement in product availability in the battery segment,” the group said in its first quarter trading update.