ECOCASH Holdings Zimbabwe netted a ZWG214 million profit after tax in historical terms as revenue reached ZWG403 million sustained by growth in foreign currency denominated transactions.
The company has been focusing on repositioning Steward Bank following the approval of the scheme of reconstruction by shareholders wherein all non-banking assets were transferred from EcoCash to Econet Wireless Zimbabwe Limited.
Foreign currency inflows grew by 284 percent as compared to Q1 FY24 whilst active FCA accounts increased by 78 percent.