Market Cap = ZWL 13.5 bn = USD 84m. Made a profit on a historical cost basis but a loss in inflation-adjusted terms (makes sense). Whereas other companies report high net monetary gains, which drive up reported profits, Dairbord does the correct thing of reporting a net monetary loss. It's intuitive, if you are operating in ZWL currency that is losing value, you should incur a monetary loss.
Dairibord (DZL.zw) Interim Results Commentary
Dairibord (DZL.zw) Interim Results Commentary
Dairibord (DZL.zw) Interim Results Commentary
Market Cap = ZWL 13.5 bn = USD 84m. Made a profit on a historical cost basis but a loss in inflation-adjusted terms (makes sense). Whereas other companies report high net monetary gains, which drive up reported profits, Dairbord does the correct thing of reporting a net monetary loss. It's intuitive, if you are operating in ZWL currency that is losing value, you should incur a monetary loss.