STARAFRICA Corporation says the value of its property, plant, and equipment increased by 103 percent to ZiG264,71 million for the six-months to September 30, 2024 from ZiG130,4 million as of March 31, 2024 reflecting its strategic focus on enhancing its operational infrastructure.
The increase in PPE was largely driven by a revaluation surplus of ZWG134,45 million, which accounted for most of the asset growth during the period.