Dairibord of Zimbabwe Says Annual Profit Rises 15%

Feb. 29 (Bloomberg) -- Dairibord Holdings Ltd., a Zimbabwean dairy company, said annual profit rose 15 percent.

Net income in the year ended Dec. 31 rose to $7.1 million from $6.2 million the year earlier, Group Chief Executive Officer Anthony Mandiwanza said at a presentation in Harare, the capital, today. Revenue rose 28 percent to $95.9 million and is forecast to jump a further 23 percent this year, said Mandiwanza.

The company declared a dividend of 0.44 of a cent, he said.

To contact the reporters on this story: Godfrey Marawanyika in Johannesburg at gmarawanyika@bloomberg.net; Brian Latham in Johannesburg at blatham@bloomberg.net

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