Masimba Holdings Limited Revenue Up 35%


Construction and associated industries firm Masimba Holdings Limited results for the half year ended June 30, 2017 showed a 35 percent jump in revenue to $11, 579 million, thanks to its firm order book.

Briefing analysts, group chief executive Canada Malunga, said the company was sitting on a $38,4 million order book. Of this, mining accounts for $5 million, infrastructure projects at $16,8 million while industrial and commercial projects accounted for $10,8 million.

“We are going to sweat the order book to ensure it enhances the bottom-line,” said Mr Malunga. He, however, acknowledged foreign currency shortages were a serious cause for concern as this had a knock on effect on the business especially when acquiring spare parts.

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