NEW: Zimpapers interim revenue grows by 68 pc

29 Sep, 2022 - 15:09 0 Views
NEW: Zimpapers interim revenue grows by 68 pc

The Sunday Mail

Online Reporter  

INTEGRATED media group Zimbabwe Newspapers (1980) Limited’s revenues rose 68 percent to $5,2 billion during the first six months of the year compared to the same period a year earlier. 

Growth was underpinned by volume recoveries across the company’s various operating divisions. 

The group’s newspaper division recorded a 67 percent revenue growth to $3,5 billion, as advertising volumes rose 24 percent, while newspaper circulation went up by 6 percent.  

The commercial printing division recorded a strong volume recovery of 45 percent. 

And the radio broadcasting division’s revenue improved by 75 percent to $973,3 million. 

In a statement accompanying the half-year results, group chairperson Mr Tommy Sithole said Zimpapers will continue enhancing its product offering.  

“The company will continue to strengthen its product offering by improving performance of its new and old products to give better profit margins. 

“The ZTN footprint is expected to continue growing as the unit is gaining trust from its audiences,” he said. 

“The digitalisation strategy remains core to the operations and growth of the company, arising from the growing demand for digital products in the country and the world over.” 

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