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Dawn Properties reported an after profit of $480 000 in the six months to June from a loss of $371 000 last year, as the company cut costs by almost 50 percent. The group’s cost cutting measures included reducing its staff by 60 percent which resulted in operating expenses in the half year period declining
This means the bourse is a stranger to IPOs as all the listings are migrations from other markets, predominantly the Zimbabwe Stock Exchange (ZSE).
In February, Afrisun’s board of directors passed a resolution to terminate the hospitality group’s ZSE listing and list its shares on the VFEX.
In its 2021 annual report, CTC said 33% of the mergers and acquisitions were in the manufacturing sector.
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