ZHL narrow losses for 2016 to $2,2m

Financial services group, Zimre Holdings Limited (ZHL) narrowed its loss for 2016 to $2,2 million from $23,1 million in the same period in 2015 on the back of increased business retention and favourable claims experience.

It also attributed the narrowing of the loss to restructuring and cost cutting measures and a reduction in share losses from associates.

In a statement accompanying the company’s financial results, board chairman Benjamin Kumalo said the tight liquidity position presented challenges to the group for the year under review.

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