Shiri Financials AfriStock Insights

The following is an analysis of the financial statements of Econet Wireless Zimbabwe Limited for the year ended 28 February 2023, based on the Abridged consolidated statement of financial position as at 28 February 2023 using inflation adjusted figures. The figures are converted to USD using the rate 1 USD = 1150 ZWL rate found here Statement of Financial Position Item ZWL (000) USD (000) Change (%) Total Assets 709,022,033 616,541 108 Total Equity 436,798,754 379,825 86 Total Liabilities 272,223,279 236,716 159 Cash and Cash Equivalents 49,087,722 42,681 128 The total assets increased by 108% from ZWL 340.8 billion in 2022 to ZWL 709 billion in 2023, mainly due to an increase in property, plant and equipment and financial assets a...

EcoCash Holdings Zimbabwe Limited (EHZL), the parent company of EcoCash (Private) Limited, a mobile money transfer service provider, has released its financial statements for the year ended 28 February 2023. In this article, we will analyze the key financial figures and evaluate the company's performance. Additionally, we will discuss the challenges faced by EcoCash, such as regulatory constraints, and propose potential solutions. we are going to use the exchange rate of 1 USD = 1150 ZWL found here  rate the day which was used on the financial statement ending 28 February 2023   Revenue and Profitability: EcoCash recorded a revenue of $88 million USD, reflecting a 5% increase compared to the previous year. The primary revenue drivers were Fintech (78%), Insurtech (17%), and Digital Platforms (5%). However, the company incurred a loss before tax of $2.4 million USD, a significant decline from the prior year's profit before tax of $10.3 million USD. The main contributors ...

Welcome, fellow adventurers, as we embark on a thrilling journey through the financial landscape of Delta Corporation Limited, a leading beverage company in Zimbabwe. Get ready to explore the financial statements for the year ended March 31, 2023, and uncover the impressive growth, overcoming of challenges, and the sweet taste of dividends. Analysing financial statements in Zim dollar is just wrong and impossible but we like numbers so we took up the challenge and tried to convert the numbers to USD. In this blog post, we will analyse the financial statements of Delta Corporation for the year ended 31 March 2023, using the black market rate on 31March 2023 of 1 US dollar = 1450 ZWL (Zimbabwean dollar) as per this website  zimrates . We used the black market rate because DELTA admitted that it nolonger uses the official rate here https://www.thezimbabwemail.com/business/delta-defies-ernst-young-on-exchange-rate/   Revenue: A Flurry of Growth Delta Corporation's re...

Get ready for a thrilling adventure as we dive deep into the world of Simbisa Brands Limited (SIM.VX), the legendary quick-service restaurant group operating in various African countries. But hold on tight, because this won't be your average valuation analysis. We're here to dissect the financials, play with numbers, and have some fun along the way. So buckle up and let's embark on this exhilarating journey to determine the true value of Simbisa's stock!   Balance Sheet Overview: Where the Numbers Dance Picture this: Simbisa's balance sheet as of December 31, 2022, is like a flamboyant dance floor. Total assets, worth a staggering $179.7 million, twirl around with a 21% increase since June 30, 2022. Meanwhile, total liabilities boogie up by 20% to $84.9 million, and total equity sashays to a magnificent $94.7 million with a 21% rise. It's a financial dance party, and Simbisa is leading the way!   Income Statement Highlights: A Symphony of Growth Cue ...