None
SW
Unifreight reports 231% revenue growth
['Staff Reporter', 'Please Enter Your Name Here']
The Zimbabwe Mail
Group revenue jumped 231.6% year-on-year to ZWG545.5 million, compared to ZWG164.5 million in the prior period.
Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 139.9% to ZWG100.9 million, while profit before tax surged 154% to ZWG51.6 million.
Net profit after tax more than doubled to ZWG202.4 million, buoyed by a ZWG150.7 million income tax credit.
Operating expenses rose 237% year-on-year, while finance costs spiked nearly 395% due to elevated interest rates.
Management said the performance underscored the benefits of its regional growth strategy, particularly its focus on the Beira corridor.