Zimbabwe: Hunyani Records 7 Percent Decline in Revenue

18 December 2014

Hunyani Holdings recorded a 7 percent decline in revenue to $40,4 million for the 11 months to September 30 due to its sales mix. The group said volumes fell 4 percent largely due to the eleven month reporting period although the tobacco and export sectors performed strongly. "There was a positive contribution from the joint venture company, Softex Tissue Products (Private) Limited," the group said.

Profit from operations rose to $1,9 million from 1,2 million last year while operating profit was lower at $1,7 million compared to $2,5 million the prior year, which was largely attributed to gains from property disposals.

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