Innscor reviews business models

INNSCOR Africa Limited says it has aggressively reviewed its business models across its huge and diversified portfolio to ride out threats posed by the COVID-19 pandemic and transition from the hyper-inflationary environment.

Company secretary Andrew Lorimer said in a shareholder update on Friday that the Zimbabwe Stock Exchange-listed blue-chip had responded positively to growth strategies, delivering “pleasing volume growth” during the third quarter ended March 31, 2021.

However, Lorimer said while storms were fizzling out, “inherent complexities” were continuing to plague the economy.

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