Econet announces 37% drop in profits in 2016 half year results

By L.S.M Kabweza

Econet Wireless Zimbabwe has announced in its financial results that profits dropped 37.14% in the half year to 31 August 2016. The profit after taxation stood at $14.9 million compared to $23.8 million in the same period last year. In his statement to shareholders, board chairman James Myers said the profitability was affected by decline in revenues, itself […]

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Econet announces 37% drop in profits in 2016 half year results