Forex revenue gains propels RTG to sixfold rise in profitability

HOSPITALITY group, Rainbow Tourism Group Limited (RTG), saw its profit after tax rise sixfold to ZWL$27,88 billion in the year ended December 31, 2023 from the comparable year owing to “substantial” forex revenue gains.

The increase in profit after tax was from a 2022 comparative of ZWL$4,5 billion.

The period under review was before the Zimbabwe Gold currency was adopted, on April 5, 2024, hence the use of Zimbabwe dollars (ZWL).

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