Zimbabwe: GB Holdings' Profits Up Despite Volumes Slump

1 October 2019

Zimbabwe Stock Exchange (ZSE) listed rubber and chemicals manufacturer, General Beltings, posted 264 percent growth in gross profit to $2,5 million for the half-year to June 30, 2019, from $0,58 million in the prior year comparative.

The stellar performance was despite a fall in volumes by both the ZSE listed entity's rubber and chemical divisions.

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