Latest Breaking News On - தேசிய சக்கரம் சேவைகள் - Page 1 : vimarsana.com

ZNCC Disapproves RBZ Auction Exchange System

NTS Credits Economic Stability For 34% Growth

NTS Credits Economic Stability For 34% Growth - The Zimbabwe Mail

NTS Records Bullish 99 % Sales Volume Increases In The Midst Of Lockdowns

By Alois Vinga LISTED tyre manufacturer, National Tyre Services (NTS) has recorded a massive 99 % sales volume increase despite the adverse effects of Covid-19 lockdowns. In a recent trading update, the company recorded a leap in sales volumes attributed to improved strategies. “Overall, volumes for the period October to December 2020 increased by 99% compared to the same period last year, despite Covid-19 challenges faced. “Growth is attributed mainly to effective marketing initiatives and availability of stock,” NTS said. The volume of new tyres sold in the quarter increased by 213% compared to the same period last year as the company continued to implement robust marketing strategies to promote sales complemented by good stock availability.

Listed Tyre Company Gives Credit To RBZ Auction For 17% Sales Growth

By Alois Vinga THE National Tyre Services (NTS) has given credit to the improved foreign currency availability in the country to the Reserve Bank of Zimbabwe’s (RBZ) auction system, which has seen a boost in the company’s sales volumes by 17%. Presenting the entity’s financial performance last week, the NTS chairperson Rutenhero Moyo, said despite the challenges faced, some key changes in economic fundamentals have improved the company’s fortunes. “In particular, we had increased cost-effective production uptime due to more frequent availability of electricity and fuel over the first half of the financial year,” he said. “The company’s access to foreign currency through the Reserve Bank of Zimbabwe auction system which was introduced in June 2020 also improved and resulted in stable prices.”