ZIMPLOW says its rationalisation at Mealie Brand and TrenTyre is expected to bring the business units back to profitability, translating to increased group earnings.AdvertisementsThe Victoria Falls Stock Exchange-listed group embarked on a cost containment drive to preserve cash flows, which included a group-wide staff rationalisation exercise, closure of non-performing branches and branch consolidation at TrenTyre.Zimplow…
Zimplow optimistic about future profitability
The diversified firm’s agricultural unit, including Mealie Brand, saw a 46 percent drop in turnover due to the severe drought and the impact of the El Nino-induced weather patterns.