Proplastics records 10% decline in revenue in nine months
The decline contrasted with the US$16,16 million revenue that the company earned in the comparative 2023 period.
By Lee Musaidzi
Nov. 24, 2024
Proplastics invests in solar energy
The country has been experiencing power outages which now extend to 16 hours a day, forcing businesses to rely heavily on expensive generators, further driving production costs
By Tafadzwa Mhlanga
Sep. 20, 2024
Easing the national grid
Proplastics reported that it suffers energy costs of US$0,23/kw, compared to a regional average of US$0,10/kw.
By Equity Axis
Jun. 28, 2024
Alleviating national grid pressures: Striking a balance
In-line with the above, the operational independence afforded by self-generation of power may rather be overstated.
By Tinashe Duma
Jun. 21, 2024
Proplastics turns to internal reserves... as official forex market struggles to meet demand
Since re-introducing the local currency in 2019 after initially abandoning it in 2009, the Zimbabwe dollar has been in turmoil.
By Tafadzwa Mhlanga
Mar. 28, 2024
Proplastics profit trebles to US$520 000
In the comparative 2022 period, Proplastics posted a profit of US$164 482 with finance costs amounting to US$686 304 during the period.
By Tatira Zwinoira
Mar. 27, 2024
Proplastics charms regional market
The group's exports market includes countries like Zambia, Mozambique, the Democratic Republic of Congo, Malawi, and Botswana.
By Tafadzwa Mhlanga
Sep. 24, 2023
Proplastics dumps Zimdollar loans
Sebbon, however, said borrowing rates in Zimbabwe dollars had become unsustainable.
By Tatira Zwinoira
Jun. 9, 2023
Power cuts hamper Proplastics production
The group announced that it was working hard to ensure this risk is mitigated and the market does not suffer supply gaps.
By Tatira Zwinoira
May. 1, 2023
