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*Zimpapers Newspaper Division Makes Profit Of $1,79 million - Delma Lupepe* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?zc Zimbabwe Newspapers (1980) Limited, recorded a 10 percent increase in turnover to $20,2 million in the half-year period ended June 30, 2018, compared to $18,3 million in the comparable period last year. Gross profit at $13 million increased by nine percent in line with revenue growth, board chairman, Mr Delma Lupepe, said in a statement accompanying unaudited financial statements for the period released yesterday. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- The commercial printing division was the lead driver with 44 percent revenue growth to $3,6 million backed by an increase in company products following the commissioning of the second printing press late last year. Although the division’s profit before tax increased by 16 percent to $0,42 million compared to $0,36 million in 2017, profit margin suffered a five percent drop as the cost of materials significantly went up due to economic challenges. Mr Lupepe said the newspaper division recorded a five percent growth in revenue to $14,2 million from $13,5 million in the comparable period. More : Chronicle _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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