Zimbabwe: FBC Defies Headwinds With Strong Half-Year Performance

Zimbabwean financial services group FBC Holdings has reported a 23.8% increase in profit before tax to ZWG468.62m for the six months to June, despite a significant fall in profit after tax.

The group’s unaudited condensed consolidated financial results show that total income increased by 17.2% to ZWG2.15bn, up from ZWG1.83bn during the same period last year.

FBC Holdings chairman Herbert Nkala said the group’s performance was supported by growth across its main revenue streams.

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