The Zimbabwe Stock Exchange Limited’s profit for the year to December 31 went down 50 percent to $3,2 million compared to $4,8 million recorded in the prior year on challenging business environment.
At $5,1 million, total comprehensive income for the year was 3 percent below the previous year’s $5,2 million.
Revenue for the period was 44 percent above prior year to close at $25,9 million from $17,9 million.
Total income generated during the year under review was 90 percent firmer to close at $34,4 million compared to $18 million recorded in 2018.
ZSE exercised prudential cost management during the year in order to contain the effects of the escalating prices of goods and services due to high inflation.
The year closed with annual inflation at 521 percent while the newly re-introduced local currency declassified by 85 percent.
During the year under review, staff costs and other operating costs were on the upside due to the inflationary environment.
Resultantly, total expenses more than doubled to $22,2 million from $10,1 million in the previous year.
