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Brainworks eyes swing into profit as it exits financial services

Directors have 'a reasonable degree of certainty' that positive basic earnings per share will be achieved in 2018.

Brainworks posts revenue growth across all segments for FY18

Brainworks released its trading statement and operational trading update for the year ended 31 December 2018 (“FY18”).

Trading statement and operational trading update

Shareholders are advised of certain currency reforms that have taken place in Zimbabwe, which commenced in October 2018 

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Brainworks revenues boosted by higher hotel occupancy in Zimbabwe

Mauritius–based leisure and property firm Brainworks Limited (JSE:BRA) posted a profit in its latest half year as it disposed of its financial services interests.

Mnangagwa presidency boosts tourism says Hotel group

The coming to power of President Emmerson Mnangagwa in November last year has been a major boost for tourism with one of the country’s largest hotel groups saying its occupancy went up by 20 percent in the first half which is normally a dry period for tourism.

Brainworks confident about economy

One of the country’s top players in property and tourism sectors, Brainworks Capital, believes the firm is poised to benefit from various infrastructure projects that are taking place in the country as President Mnangagwa’s Government prioritises economic development and growth.

Brainswork Interim results for the six months ended 30 June deliver an increase in earnings per share

Brainworks announced its interim results (“HY18”), showing a revenue increase of 28% to US$31 million compared to US$24 million for the comparative period (“HY17”).

The Johannesburg Stock Exchange Quarterly Publication

Newly JSE-listed firm Brainworks, which has extensive Zimbabwe-focused operations, is well positioned to reap benefits from that country’s transformation, says CEO Brett Childs.

Brainworks to dispose of financial services
Brainworks to dispose of financial services

Brainworks Limited, which last year became the first Zimbabwean company to list on the main board of the JSE, said on Monday it had decided to dispose of its financial services section.

Brainworks featured in the 'Companies to Inspire Africa 2017: One Year On' Report

Brainworks featured in the 'Companies to Inspire Africa 2017: One Year On' Report by London Stock Exchange Group (LSEG) in partnership with AfDB Group, CDC Group and PwC.