ZIMBABWE Stock Exchange-listed diversified company, TSL has pulled out of two joint-venture businesses of farming and vehicle rental as it streamlines operations to focus more on its core tobacco handling business.
The discontinued operations generated US$6,03 million in revenue for the year ended October 31, 2024 which was 29,07 percent above previous year’s US$4,67 million.
However, higher revenue did not translate into profitability.