trending Market Intelligence /marketintelligence/en/news-insights/trending/nd-LCMqgqpqoAAEKj2k4CQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

OK Zimbabwe fiscal H2 profit falls YOY

Blog

What's on the Horizon for the Cruise Hotel Resorts Sector

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


OK Zimbabwe fiscal H2 profit falls YOY

OK Zimbabwe Ltd said its normalized net income for the fiscal second half ended March 31 was $3.0 million, a decrease of 30.1% from $4.3 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue fell year over year to $230.6 million from $240.0 million, and total operating expenses declined year over year to $225.8 million from $232.9 million.

Reported net income declined 32.9% on an annual basis to $3.3 million, or 0 cents per share, from $4.8 million, or 0 cents per share.

For the year, the company's normalized net income totaled $6.6 million, a decline of 20.9% from $8.4 million in the prior year.

Full-year total revenue declined on an annual basis to $462.7 million from $483.7 million, and total operating expenses decreased year over year to $451.8 million from $470.0 million.

The company said reported net income declined 22.0% on an annual basis to $7.6 million, or 1 cents per share, in the full year, from $9.7 million, or 1 cents per share.