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*Econet's profits down 37%* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ie Econet Wireless Zimbabwe has announced that profits are down by 37.4% in the half year to 31 August 2016. The company blamed the decline on reduced revenues, which are caused by a difficult operating environment. Said board chairman, James Myers: ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- > Revenue for the Period under review was $301 million compared to $323 million for the same period last year. profit after taxation (PAT) was $14.9 million compared to $23.8 million for last year. Profitability was affected by the decline in revenues as a result of the difficult economic environment. We have therefore continued to focus on cost reduction in order to protect margins and profitability. Source: Techzim, Econet itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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