Turnall of Zimbabwe Says Full-Year Profit Increased 16 Percent

Turnall Holdings Ltd. (TRNL) said profit after tax rose 16 percent last year to $4 million.

The Zimbabwean concrete and asbestos products manufacturer said sales rose 49 percent from a year earlier to $51.9 million. Earnings per share rose to 8 cents from 7 cents, Turnall said in a statement published in the state-controlled Herald newspaper.

To contact the reporter on this story: Brian Latham in Harare at blatham@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.

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