Masimba rebounds, expects profitable FY

HARARE,– Civil engineering group Masimba Holdings on Wednesday reported a $111,000 after tax profit for the six months to June from a loss position of $353,000 last year as the company recorded improved business from the mining sector.

Revenue in the half year more than doubled to $8, 5 million from $4,1 million.

“We were coming from a very low base. (The profit) is a small figure but in terms of motivating us and consolidating the position we have achieved, it is a very good start and we believe that in the full year to December we will be profitable and certainly 2017 should be better,” managing director Canada Malunga told The Source.

“The improving commodity prices are a source of motivation we believe we could see some exciting projects in the mining sector which has been a core market to Masimba. We have also seen a realignment of investment portfolios with investment managers diversifying towards infrastructure and brick and mortar.”

The company’s costs to turnover ratio improved from 37 percent to 14 percent as a result of cost containment measures and improved efficiencies.

Malunga said Masimba, which has over the years benefited from several lucrative government projects such as the upgrading of Bulawayo’s international airport and construction of toll gates, currently has limited exposure to government contracts.

“We are mostly confined to retentions than anything else,” he said adding that government had settled its $5 million debt for previous works done.

Earnings per share improved to 0,05 cents from -0,15 cents previously.

The board declared a special cash dividend of 0,27 cents per share.

Share this:

Arts & Entertainment

Arts & Entertainment

Damian Marley’s deep love for Africa

24th May 2017 Staff Reporter 0

Damian Marley’s 2010 collaboration album with Nas, Distant Relatives is littered with references to Africa’s rich cultural background. During the recording of the album Marley and Nas dug through archives of African music in search […]

48 Comments on Masimba rebounds, expects profitable FY

  1. I don’t know what “WordPress” is but if it has something to do with the way I can have automatic updates of new posts from my blog posted in my Twitter, than I’d like to know more about it.. . Please & Thank you. * My blog is a Blogspot / Blogger blog..

  2. I want to start a website where i can put google adds on, i have 10 dollars to spend and i know that isn’t a lot but it is better than those free websites that don’t let you do anything. so how do i get started?.
    Home http://gerobrien.net

  3. décision de Charles, et les plaisanteries de Colignyare plus dans la bouche des hommes que de leur sens politique ou valeur. Forone chose louable, deux qui sont divertissant sont dit; et pour un manwho ces jours-ci rappelle les mille grands et sages actions du lateKing mille souvenir de ses monstres occasionnels, le duel qu’il havefought, ou son habitude de visiter les rues de Paris la nuit et disguise.That cette dernière a été beaucoup exagéré, je peux me rendre témoignage; forthough Varenne ou Coquet, le maître de la maison, étaient ses usualcompanions à ces occasions, il manquait rarement de se confesser à moi après theEvent, et plus d’une fois j’ai accompagné him.If je me souviens bien, il était en Avril ou Mai de cette année 1606, andconsequently quelques jours après son retour de Sedan, qu’il

  4. This is getting a bit more subjective, but I much prefer the Zune Marketplace. The interface is colorful, has more flair, and some cool features like Mixview that let you quickly see related albums, songs, or other users related to what youre listening to. Clicking on one of those will center on that item, and another set of neighbors will come into view, allowing you to navigate around exploring by similar artists, songs, or users. Speaking of users, the Zune Social is also great fun, letting you find others with shared tastes and becoming friends with them. You then can listen to a playlist created based on an amalgamation of what all your friends are listening to, which is also enjoyable. Those concerned with privacy will be relieved to know you can prevent the public from seeing your personal listening habits if you so choose.
    north face outlet locations http://www.cheapnorthface.online

  5. aux conditions de travail et la seeminghopelessness de la position ont sur la productivité du travail, la chute réagit inwhich sur toutes les industries, sur les transports, sur la situation générale andso againon itself.Mr. J. M. Keynes, l’écriture avec l’Europe centrale dans son esprit, il est, Ithink, aussi ignorants de la Russie comme je suis de l’Allemagne, dit: Quelle est alors ourpicture de l’Europe? Une population en mesure de soutenir la vie sur la fruitsof sa propre production agricole, mais sans le surplus accoutumés pourThe villes, et aussi en raison du manque de matériaux importés, et ainsi ofvariety et de la quantité dans le vendables pays fabrique des villes sans incitations theusual à l’alimentation du marché en échange d’autres marchandises; un industrialpopulation incapable de garder sa force pour le manque de nourriture, incapable de gagner

  6. Daniel, yea I can see what you probably did there. I really appreciated that part, however hehe I am not that harsh like my dad with these things. He at all times tells me crazy stories again in the day and calls me a loser. I guess its time I move out of my dad and mom basement LOL. Aaanyways, what about you? what does your dad think xD Anyway, in my language, there are usually not a lot good source like this.
    coach outlet store http://www.coachoutletstoreonlinecom.com

  7. Nos specialistes echangent avec vous les meilleurs methodes et techniques pour mettre fin a lejaculation premature. Si votre probleme dorgasme rapide ne sarrange pas vous devrez contacter sans engagement nos sexologues afin les medecins present sur notre site aident a controler au sujet de lejaculation rapide ( orgasme rapide).
    mammut outlet http://www.mammutoutlet.online

  8. We are a group of volunteers and starting a new scheme in our community. Your website provided us with valuable info to work on. You have done a formidable job and our entire community will be thankful to you.

  9. InariSama-avec ses milliers uponthousands de renards de pierre, est considéré par les gens du pays une preuve de la dévotion des Matsudaira, pas Inari ing strik, mais foxes.At présente, cependant, il est plus possible d’établir des distinctions ofgenera dans cette zoologie fantomatique, où chaque espèce pousse dans tous les oTH-er. Il est même pas possible de dégager le ki ou l’âme du Renard et theAugust-Spirit-of-Food de la confusion dans laquelle les deux ont becomehopelessly mélangés, sous le nom Inari par la conception vague oftheir paysans adorateurs. La vieille mythologie Shinto est en effet tout à fait ex-explicite sur le Août-Spirit-of-Food, et tout à fait silencieux sur les renards subjectof. Mais la paysannerie à Izumo, comme la paysannerie de CatholicEurope, faire la mythologie pour eux-mêmes. Si demandé si

  10. bystander connaissance avec thepleasures je vécue par rire et estampage. Je n’avais aucune ideas.62There vive était sans extension de ses aperçus visionnaires premiers à enregistrer dans son notes.Though il avait des rêves vifs et agréables plus tard cette nuit, rien de plus emergedfrom son esprit inconscient. La grande dose d’oxyde nitreux lui a apporté aucune spiritualrevelation, aucun contact plus profond avec l’univers. Peut-être était Davysdisappointment avec ce qui lui a fait négliger d’abord le physiologicalfact significatif que le gaz pourrait être utilisé d’une manière totalement différente: bannir consciousnessaltogether, puis en toute sécurité et rapidement restaurer. Un gaz qui pourrait effacer les sentiments -ana-sie -et les amener ensuite back.Yet rétrospectivement Davy clairement saisi ce qui était arrivé, comme il est retourné à

50 Trackbacks & Pingbacks

  1. i love my financial systems plc
  2. vipvip club
  3. synergize consulting
  4. Best Newspaper in India
  5. economics tuition
  6. advanced cryptographics
  7. joseph shihara rukshan de saram
  8. rhodium
  9. buy turanaxyl online
  10. South African retailer Spar Group pulls out of Zimbabwe – 263AfricaNews
  11. kondom er i et
  12. M88
  13. economics tuition
  14. cul
  15. pregnyl
  16. attorneys
  17. Drive with Uber
  18. sildenaxyl 100
  19. http://www.godwinsremovals.co.uk/international-removals/northern-ireland
  20. Shades & Blinds
  21. papas al pormayor.cl
  22. trenbolone hexahydrobenzylcarbonate
  23. apps
  24. APKBucket
  25. para herseydir
  26. sen busun
  27. Skrota bilen Göteborg
  28. Skrota bilen
  29. military press technique
  30. Bilskrot Göteborg
  31. trumpforchildren
  32. basement waterproofing rochester ny
  33. bad credit home loans
  34. digitürk
  35. Thesafecenter.net
  36. kanazawa tours
  37. Zimplats sells 10 percent in subsidiary to employees for $95 million – 263AfricaNews
  38. mgoffice
  39. motu patlu
  40. happy luck
  41. penis enlargement
  42. hire a lawyer
  43. Dicito
  44. http://www.imfaceplate.com/leillyer/face
  45. econs tuition
  46. Free UK Chat
  47. http://motorgazette.com/blog/view/28483/enjoy-the-pou-game-with-the-pou-hack
  48. localiser
  49. mca
  50. Best Best Online News in the World

Leave a Reply

Your email address will not be published.


*