Earnings - The Standard

Topic : Earnings

PPC Zim forex adoption sheds US$7,06m net monetary loss

Over the past few months, many firms have been moving away from local currency accounting to use United States dollars reporting, given the volatility of the Zimdollar.

By Tatira Zwinoira Jun. 13, 2024

PPC Zim forex adoption sheds US$7,06m net monetary loss

Hyperinflation haunts Old Mutual

Old Mutual recorded robust results from operations (RFO) growth due to strong operational performance underpinned by exceptional growth in new business

By Mthandazo Nyoni Mar. 20, 2024

Old Mutual foreign revenue jumps up

The increase in revenue was boosted by the Zimbabwe dollar having lost value significantly against the greenback.

By Tatira Zwinoira Sep. 3, 2023

ZB Holdings incurs $15,9bn insurance liabilities

IBNR is a reserve account used by insurance companies to compensate for claims that have not yet been reported.

By Melody Chikono Apr. 28, 2023

ZB Holdings incurs $15,9bn insurance liabilities

Nedbank Zim profit surges

The bank’s cost to income ratio improved to 30% from 66% in the prior year in inflation adjusted terms with the capital adequacy ratio going up to 33% from 29% last year.

By Kudzai Kuwaza Sep. 2, 2022