Resending: First Mutual Properties Revenues up 352% y/y in historical terms

[Bulls n Bears]

 <http://www.firstmutual.co.zw/> 


 

Harare-ZSE-listed Properties Investment concern, First Mutual Properties
Limited (FMP)'s total revenue for the 5 months to 31 May 2021 rose 352% in
inflated adjusted terms over the comparable period in 2020. This compares
favourably with y/y inflation rate as measured by the all items CPI of 162%
in the same period. The business benefitted from US$ denominated leases
which are indexed to the ZWL$ at the auction rate. FMP last traded at
ZWL1400 cents and is up 419% Year to Date on the Zimbabwe Stock Exchange
with a market capitalisation of ZWL$17.3 billion and US$203m at the
interbank rate and US$133m at the alternative market rate. Read more
<https://bullszimbabwe.com/first-mutual-properties-revenues-up-352-y-y/> >>

 

 

 

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