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Zimbabwe's CBZ Holdings sees 18.3% income growth in 2018

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Zimbabwe's CBZ Holdings sees 18.3% income growth in 2018

Zimbabwe-based CBZ Holdings Ltd. expects its total income to grow 18.3% through 2018 as its first-half profit attributable to equity holders of the parent surged to $34.3 million from the year-ago $11.9 million.

EPS for the half was $13.10, compared to $4.43 a year ago.

Chairman Noah Matimba said the company's performance in the second half will hinge on Zimbabwe's economy, which he said is at an "inflection point." He said the group "is well positioned to continue investing its own capital, as well as working with like-minded institutions through joint ventures, syndications and strategic partnerships."