Zimbabwe's Cafca Limited reports 243% liquidity growth, 42% turnover increase, and 72.1% reduction in current liabilities for H1 2024.
Zimbabwean cable manufacturer, Cafca Limited, reported a 243% growth in liquidity for its half-year ended 31 March 2024, due to a 72.1% reduction in current liabilities. The firm's turnover increased by 42% to ZWL$686bn, with profits after tax rising to ZWL$145.51bn. Despite this, total assets dropped by nearly 5% to ZWL$911.5bn, mainly due to a decrease in trade and other receivables.
May 20, 2024
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