Zimpapers net pofit for 2016 falls by 26 percent

Zimpapers, publishers of the Herald, Sunday Mail and Chronicle among other titles reported that its net profit for 2016 had gone down by 26 percent. The profit fell from $2,7 million in 2015 to $2,02 million.

Revenue went down by 6,3 percent to $37,6 million from $40 million in 2015. Operating profit before tax rose by 14,6 percent to $2,5 million. The company did not declare a dividend.