In the first half of this year, Moza Banco recorded a profit of 11.2 million meticais, recovering from losses of 55.5 million meticais recorded in the same period in 2023. The figures are contained in Moza Banco's Interim Financial Statements for the first half of the year, to which MZNews had access. Until June 30...
Absa Bank Moçambique once again demonstrated a positive financial performance in 2023. It achieved annual net profits of 1,623 million meticais, or 58.7% growth on the previous year. This performance was accompanied by a solid capital base and a robust liquidity position, allowing it to increase shareholder remuneration...
Grindrod achieved a positive financial performance in 2023, despite the challenging macroeconomic environment and falling prices for some of the raw materials it handled in its portfolio. Profits grew by 29% to 1.4 billion rand, generated EBITDA of 2.5 billion, an increase of 16% on the year...
South Africa's Sasol SOLJ.J on Monday reported a 34% decline in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs. Sasol, the world's largest producer of fuels and chemicals from coal and gas, said its profit per...
The new president of the Mozambican Football League (LMF), Alberto Simango Júnior, advocates a sustainable institution that makes more profit than losses at the end of each soccer season. According to Simango Júnior, who was speaking moments after taking office as the league's new president, an event that took place last Friday in Maputo to transform the...
The company recorded a profit of 5.8 billion won (around four billion euros), due to weak demand for semiconductors, although these have already begun to show signs of recovery, the company said. Compared to the previous quarter, the amount already represents an increase of more than 239%, the company added....
Data from Companhia Moçambicana de Hidrocarbonetos (CMH) reveals that its profits increased by 75%, to 64.8 million dollars, between July 1, 2022 and June 30, 2023, compared to the same period last year, when 37.2 million dollars were recorded. According to Lusa, which cites the financial statements...
Empresa Nacional de Hidrocarbonetos (ENH), the oil company owned by the Mozambican state, reversed its 2021 losses and made a profit of 461.9 million meticais last year. According to the accounts report, quoted by Lusa, ENH had recorded a net loss for the 2021 financial year of 153.1 million meticais,...
US technology giant Amazon closed the second quarter of the year with revenues of 134.4 billion dollars, a year-on-year increase of 10.9%. Profits beat analysts' expectations by a wide margin. According to the Negócios newspaper, Jeff Bezos' Amazon made 6,750 million dollars in profit in the second quarter of this year,...
BP announced today that it made a profit of 10,010 million dollars up to June this year, after a loss of 11,127 million in the same period of 2022. The loss recorded up to June last year was due to BP's withdrawal from the capital of the Russian oil company Rosneft. In a statement sent to the stock exchange...