LOCAL equities group IH Securities has forecast OK Zimbabwe’s volumes to record marginal growth in the second half of the fiscal year 2023, despite constrained spending in the local currency.
Analysing the group’s financial results for the half year ended September 30, 2022, IH Securities said the forecast marginal volume uplift is based on seasonal spending terms.
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During the first half of the fiscal year 2023, OK Zimbabwe’s volumes fell from a marginal gain of 1 percent in the first quarter of the company’s financial year to an aggregate decrease of 8,23 percent
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