Simbisa’s profit increases to $2,2 billion

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Simbisa said between 2022 and 2024 the company intends to make significant progress in firmly establishing itself as a corporate that bridges the gap for people in various communities.

FAST foods chains proprietor Simbisa Brands says it recorded a profit of $2,2 billion for the six months to December 31, 2021 from $898 million in the prior comparable period, spurred by increased consumer spending.

The group said the relaxation of Covid-19 restrictive measures ensured increased operating hours for the group in most of its operating countries in the region.

Revenue reached $15,9 billion from $7,6 billion during the period under review. The company declared an interim dividend of $134 cents per share from $53 cents per share last year.

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