Seed Co Limited reported a 28% decline in revenue to US$51.5 million and a 54% drop in profit after tax to US$8.0 million, reflecting lower sales volumes and normalised market conditions despite disciplined cost management.
https://t.co/vyv4CpVnzm
KPMG issued an unmodified audit opinion on the ZWG special purpose financial statements, while noting that the separate IFRS-based USD financial statements received an adverse audit opinion related to accounting treatment and compliance matters.
Seed Co Limited recorded a 28% decline in revenue to ZWG1.3 billion and a 54% drop in profit after tax to ZWG202.6 million, reflecting lower sales volumes and normalised market conditions despite disciplined cost management.
https://t.co/WxPBjOBdeG
The company generated stronger operating cash flows of ZWG197.5 million and ended the year with cash and cash equivalents of ZWG63.3 million, while continuing to invest in research and climate-smart seed varieties.
The Zimbabwe Stock Exchange (ZSE) and TN Asset Management (TNAM) have signed a strategic partnership to develop a pipeline of high-growth startups and SMEs for listing on the Zimbabwe Entrepreneurship Exchange (ZEEX).
https://t.co/mQgGHjrQT6