Truworths granted nod to delay financials

 LIVINGSTONE MARUFU

 The Zimbabwe Stock Exchange (ZSE) has granted listed clothing apparel, Truworths Zimbabwe, the nod to delay the publication of its half year results to January 10, 2021, due to disruptions caused by the Covid-19 induced lockdown.

 The ZSE gave companies that were supposed to release financial results by March 31, 2021 a grace period of up to the end of April 30, 2021.

 Truworths was supposed to publish the results by April 10, 2021.

 “Due to the sub-optimal working arrangements arising from  the implementation of  lockdown rules  in terms of Statutory Instrument  10 of 2021, which required closure of non- essential businesses , limiting working hours  and the need to work remotely , there will be a delay in the publication of the audited results,” company secretary Brenda Chibanda said.

 She added: “An extension has been granted by ZSE to publish the results on or before May 10 2021.”

 Listed beverage manufacturer, African Distillers is also expecting to publish its financials in May following the delays induced by lockdowns which classified auditors as non-essential services.

 Meanwhile, listed financial concern, ZB Financial Holdings is running round the clock to publish before April 30 2021.

 Dawn Properties, GetBucks, First Mutual Holdings Limited, CBZ Holdings, First Mutual Properties Limited and Zeco Holdings were some of the companies that sought permission from the bourse to delay publishing.

 Zimbabwe has been under lockdown since January 4, 2021 and restrictions were relaxed in March