Chiyangwa’s ailing Zeco sinks deeper

THERE seems to be no light at the end of the tunnel for Phillip Chiyangwa’s Zeco Holdings. Financial results of the engineering group paint a gloomy picture after its loss widened to $884 000 in the half year ended June 30 from $867 000 in the comparable period last year attributed to a decline in revenue.

In the period under review, revenue tumbled to $61 000 from $227 000 recorded in the prior year.

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