Zimre profit margin doubles

ZIMRE Holdings Limited (ZHL) recorded a 107% increase in profit-after-tax to $983,15 million last year owing to top-line growth in some of its units and increases in investment portfolio fair valuations.The profit was from a comparative $475,95 million in 2019.

“The group achieved modest growth and profitability in business underpinned by strong performance in the Botswana and Mozambique operations,” ZHL chairman Ben Kumalo said in a statement accompanying the group’s 2020 financial results.

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