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Econet Wireless Zimbabwe Ltd (ECO.ZI)

ECO.ZI on Zimbabwe Stock Exchange

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21 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Econet Wireless Zimbabwe says FY revenue $641 million
Wednesday, 1 Jun 2016 07:15am EDT 

Econet Wireless Zimbabwe Ltd : Fy revenue $641 million . Fy pretax profit $68.5 million . Fy dividend 0.90 us cents per share Further company coverage: [ECO.ZI] ((Bengaluru Newsroom; +91 80 6749 1130;)).  Full Article

Econet Wireless Zimbabwe Ltd cuts 100 jobs, cites declining revenue - Reuters
Wednesday, 7 Oct 2015 08:00pm EDT 

Econet Wireless Zimbabwe Ltd:Econet Wireless said on Thursday it would immediately cut 100 jobs, citing a decline in revenue after the national telecoms regulator reduced tariffs charged by operators in January - Reuters.Econet reported a one percent fall in revenue during the year to February but analysts expect the company to post a bigger fall in revenue when it reports its half-year results later this month as the effects of the tariff cuts kick in - Reuters.Douglas Mboweni, Econet chief executive said in a statement that the affected employees had been advised of the job cuts - Reuters.Mboweni did not say which departments were affected, but added that Econet would give retrenched workers some shares - Reuters.  Full Article

More From Around the Web

BRIEF-Reserve bank of Zimbabwe and Econet put up facility to allow local shareholders to participate in rights offer

* Reserve bank of Zimbabwe and Econet has put up a facility to allow local shareholders to participate in rights offer Source: http://bit.ly/2kWbm7X Further company coverage: (Bangalore.newsroom@thomsonreuters.com)