Zeco Holdings (Zeco) – newzimbabwevision

‘No light at the end of the tunnel for Chiyangwa’s Zeco engineering group as it sinks deeper into trouble’

Posted on November 5, 2016 by newzimbabwevision

Phillip Chiyangwa’s engineering group, ‘Zeco’ sinks deeper into turmoilThere seems to be no light at the end of the tunnel for Phillip Chiyangwa’s Zeco Holdings. Financial results of the engineering group paint a gloomy picture after its loss widened to $884 000 in the half year ended June 30 from $867 000 in the comparable period last year attributed to a decline in revenue. In the period under review, revenue tumbled to $61 000…

Chiyangwa’s Company ‘ Zeco Holdings (Zeco)’, Records Sixth Consecutive Loss Since 2009

Posted on July 25, 2015 by newzimbabwevision

Phillip Chiyangwa’s listed engineering concern, Zeco Holdings (Zeco), has recorded a sixth consecutive loss since 2009 on the back of deteriorating economic conditions, casting doubt on the company’s future. However, Zeco board chairman, Chiyangwa, said the group was introducing various turnaround strategies as evidenced by the reduction in losses from $4,7 million recorded in 2013 to a loss of $2,1 registered in the full year to December 2014. “Strategies are being implemented to establish and…