Econet overturns loss-making position to post ZiG2,34bn profit

TELCO, Econet Wireless Zimbabwe (Econet) overturned its losses to post a profit after tax of ZiG2,34 billion for its financial year ended February 28, 2025, owing to a net monetary adjustment and reduction in exchange losses.

This was from a loss of ZiG1,34 billion in the comparative 2024 period.

During the period, Econet recorded a net monetary adjustment of ZiG872 million compared to a prior year loss of ZiG2,16 billion.

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