Zimre Holdings Limited (ZHL), saw its profits growing by 1 137% to $2,7 million in the half-year ended June 30 from the comparable period last year, as the financial services group reaps from its restructuring exercise.
BY BUSINESS REPORTER
In the same period last year, ZHL posted a profit of $200 000.
The performance was achieved despite a loss of $1,7 million arising from the restatement to fair value less cost to sale of the investments in Nicoz Diamond and Fidelity Life, which were reclassified as non-current assets held for sale as at June 30, board chairman, Ben Kumalo said in a statement accompanying the financial results.
Kumalo said the rest…
Read the full article at: https://www.newsday.co.zw/2017/09/zhl-profits-1-137-restructuring/