January 19, 2017 12:19 AM ET

Construction and Engineering

Company Overview of Masimba Holdings Limited

Company Overview

Masimba Holdings Limited provides engineering and infrastructure solutions to the agriculture, commercial, communications, housing, mining, public, and water sectors in Zimbabwe. It operates in three segments: Masimba Construction Zimbabwe, Proplastics, and Property Development. The Masimba Construction Zimbabwe segment engages in the design, development, planning and engineering, and construction of building and housing, road, and earthworks projects, as well as the fabrication and erection of structural steel. The Proplastics segment produces and distributes a range of plastic piping systems, including polyvinyl chloride, high-density polyethylene, and low-density polyethylene pipes and re...

44 Tilbury Road

Willowvale

Harare,  

Zimbabwe

645 Employees

Phone:

263 4 611641

Fax:

263 4 612986

Key Executives for Masimba Holdings Limited

Masimba Holdings Limited does not have any Key Executives recorded.

Masimba Holdings Limited Key Developments

Masimba Holdings Limited Declares Special Dividend for the Financial Year Ended 31 December 2015, Payable on or about 29 July 2016

The board of directors of Masimba Holdings Limited has declared a special dividend of 0.27 US cents per share, payable in respect of all the ordinary shares of the company. This dividend is in respect of the financial year ended 31 December 2015 and will be payable in full to all the shareholders of the company registered at close of business on 15 July 2016. The payment of this dividend will take place on or about 29 July 2016. The shares of the company will be traded cum-dividend on the Stock Exchange up to the market day of 8 July 2016 and ex-dividend as from 11 July 2016.

Masimba Holdings Limited Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2015

Masimba Holdings Limited reported audited consolidated earnings results for the year ended December 31, 2015. For the year to date, the company reported revenue from continuing operations of USD 10,039,549 against USD 14,848,743 a year ago. Operating loss was USD 1,229,085 against USD 936,437 a year ago. Loss before tax was USD 1,294,501 against USD 1,280,690 a year ago. Loss after tax from continuing operations was USD 1,304,075 against USD 1,008,304 a year ago. Loss for the year was USD 1,100,672 against USD 552,423 a year ago. Net cash utilized by operations was USD 991,966 against USD 746,998 a year ago. Basic loss per share was 0.50 cents compared to 0.25 cents a year ago. EBITDA and fair value adjustments were USD 245,467 against USD 244,933 a year ago.

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Recent Private Companies Transactions

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