Data services propel Econet back to profitability

The shares currently trade at a floor price of 50 US cents on the Victoria Falls Stock Ex­change (VFEX)’s OTC platform, set when Econet delisted from the Zimbabwe Stock Exchange (ZSE).

ECONET Wireless Zimbabwe (Econet) posted an inflation-adjusted profit of ZiG2,35 billion for the year ended February 28, 2025 shrugging off a ZiG1,34 billion loss previous year on robust revenue from data and internet services. Data and Internet services income grew to ZiG9,3 billion from ZiG6,3 billion previous year and now contributes 42 percent of group…

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